Air China: International Passenger Yield Plummets as Capacity Returns

Air China operates a global route network that centers on hubs such as Beijing and Chengdu. It enjoys the highest yield compared with China Southern Airlines and China Eastern Airlines. We think this is largely attributable to its stronghold in Beijing, its main base. Air China used to control more than 40% of the market share at the world’s second busiest airport, Beijing Capital International Airport, or BCIA.