China Airlines industry loses 198 million in the first quarter

Source: Internet
Author: User
Keywords Total economy
Every reporter Shing Chunlai from Beijing by the financial crisis, China Aviation Industry Group Corporation (hereinafter referred to as "AVIC industry") accumulated losses of 198 million yuan in the first quarter of 2009, Shang 161 million yuan. China aviation industry is in the first quarter of 2009, the economic operation of the analysis will reveal the above data.  A grim economic situation this year has put the company's 9 billion-dollar profit target at the beginning of the test, the daily economic news said yesterday. In the first quarter, the airline industry realized its operating income of 27.194 billion yuan, an increase of 1.79%.  Although the total economic volume and operating income increased from a year earlier, but from the structure of income growth, the main reason is that the increase in military revenues is greater than the decline in the income of automobile and export subcontracting.  AVIC Industry said that the total economic volume of the first 3 months continued to increase, the overall economic situation is consistent with the national fundamentals, but with the company's annual goals are significantly different; the first quarter economic scale and economy are affected by foreign trade and automobile products.  For this year's company to achieve the total revenue of 200 billion yuan, the profit of 9 billion yuan target, the above people said, to achieve this target company must increase cost control, balanced production. In the first quarter, the overall cost and cost of AVIC was still very high, with a total cost increase of 1.15% per cent in the first 3 months over a year earlier. Tan Ruisong, deputy general manager of Avic Industry, said in the two quarter, AVIC will focus on "delivery" to ensure a balanced delivery rate, especially supporting aspects, does not allow non-payment does not occur, at the same time, to protect the return of funds, control cost and cost rate, to ensure that the whole group of sales cost and cost rate of 0.5%, and strive to reach 1% To achieve the goal of reducing costs by more than 1 billion yuan.
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