Great changes have taken place in the aviation industry in recent decade, although the development of China’s aviation industry has entered to the golden period, but China’s aviation enterprise facing financial risks have gradually increasing trend as the economic globalization and the global financial market turmoil.
Air China has excellent brand image in all of aviation industry and owns an outstanding pilot and flight attendants team and provide more professional service for customers than other aviation companies to earn the market share. However, Air China rate of delayed situation is very serious. Air China’s total profit of the group from January September in 2015, the total profit of $97.69%, year-on-year rises of 97.69 per cent. Net profit attributable to the parent company of the company, an increase of 98.09%. The increase of the group total profit and net profit attributable to the parent company of the group is mainly due to the optimization of production organization. Air China is promoting an integrated operation with robust control capacity which has become the first domestic airline with remote monitoring capability.
Air China has struggled many years, although there are some operating problem, it still earned many repeat customers. Hope Air China can learn a lesson from this rapid development period and become more successful.