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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  Juneyao Airlines Co., Ltd    603885   CNE100001ZY0

JUNEYAO AIRLINES CO., LTD

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Juneyao Airlines : Finnair says plans China JV with Juneyao Air

04/14/2020 | 03:31am EST

Finnish flag carrier Finnair said on Tuesday it has signed a letter of intent with Shanghai-based Juneyao Air ?to establish a joint venture, which will enable wider code-sharing on the two airlines' routes.

"Taking the important step ... will allow us to not only serve our current customers even better, but also to lay a platform for further growth in the future, once the aviation market starts to normalise," Ole Orver, Chief Commercial Officer at Finnair, said in a statement.

Finnair said the joint venture co-operation would enable significant expansion of codesharing across the networks of both partners, particularly to key points behind Shanghai Pudong and Helsinki.

Finnair, which has relied heavily on Asian traffic in recent years, warned last month it would report a substantial comparable operating loss for 2020 as it cut about 90% of capacity from the start of April due to the new coronavirus.

Until the end of June Finnair's only destination in Asia is Tokyo.

(Reporting by Tarmo Virki in Tallinn; Editing by Kirsten Donovan)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
FINNAIR OYJ -0.88% 0.619 Delayed Quote.-42.33%
JUNEYAO AIRLINES CO., LTD -1.36% 11.59 End-of-day quote.-22.73%
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Financials
Sales 2020 10 393 M 1 582 M 1 582 M
Net income 2020 -734 M -112 M -112 M
Net Debt 2020 12 882 M 1 961 M 1 961 M
P/E ratio 2020 -32,0x
Yield 2020 -
Capitalization 23 591 M 3 587 M 3 590 M
EV / Sales 2020 3,51x
EV / Sales 2021 2,12x
Nbr of Employees 8 628
Free-Float 23,5%
Chart JUNEYAO AIRLINES CO., LTD
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Technical analysis trends JUNEYAO AIRLINES CO., LTD
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Average target price 13,63 CNY
Last Close Price 12,03 CNY
Spread / Highest target 48,0%
Spread / Average Target 13,3%
Spread / Lowest Target -11,1%
EPS Revisions
Managers
NameTitle
Hong Liang Zhao Vice Chairman & President
Jun Jin Wang Chairman
Hong Yan Zhu Member-Supervisory Board
Jun Min Xu Secretary, Director & Vice President
Cheng Ji Yu Director & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
JUNEYAO AIRLINES CO., LTD-22.73%3 456
SOUTHWEST AIRLINES-14.15%27 353
AMERICAN AIRLINES GROUP INC.-50.73%7 731
ALLEGIANT TRAVEL COMPANY-2.21%2 739
CHINA EXPRESS AIRLINES CO.,LTD57.27%1 968
EXCHANGE INCOME CORPORATION-13.40%1 065