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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Tom who wrote (1155)	1/22/1998 3:30:00 AM
From: allen menglin chen	Read Replies (1) \| Respond to of 2951

Hi Tom, I'm not good in reading balance sheet. The webpage I mentioned should have a CEA table, you might be able to use the data to compare to other airlines. China has not opened domestic market for foriegn airlines and ZNH has 80+% of its earnings coming from domestic market, where competitions are among ZNH, CNAC, CEA and local Chinese airlines. It is still a closed-door race--the profit should be great, since an 1-hr flight from Canton to Guilin is $150 USD (rd trip); and 1 ticket from south to north across China costs 500 USD! Allen