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Just as your pulse is checked during a routine physical, free cash flow is used as an indicator of a company's health. It equals the cash brought in from operations minus the money needed to pay the bills. Think about leftover money in your checking account after you pay this month's bills.
Investors and analysts see this leftover money as a gauge of a company's ability to perform. It is available for transactions such as handing out dividends and working on new products.
Some argue free cash flow is wrongly overshadowed by the emphasis often placed on earnings. Earnings numbers can be manipulated and don't always tell the whole story -- and earnings don't mean much if there's nothing left over after a company pays its expenses. Even if you bring in a six-figure salary, but no money left after paying the bills, are you in great financial shape?
You don't have to be Einstein to figure out free cash flow. To calculate the number, subtract the company's expenditures and dividends from its operating cash flow.
If the free cash flow is written in red ink, it doesn't necessarily signal curtains. This is common for young companies looking to grow. It also could be a result of heavy investments, which in the long run could be worth a standing ovation.
Home / Markets / Industries / Finance
Wednesday, June 25, 2008
Air China Announces Direct Flights to Taiwan
Comtex
BEIJING, Jun 25, 2008 (Canada NewsWire via COMTEX) ----
<< Regular Flights to Commence July 4th, 2008 >>
Air China (HKEX: 0735; LSE: AIRC; SSE: 60111) today announced that from July 4th, 2008 it will be commencing regular direct flights from Beijing to Taipei and Kaohsiung, Taiwan. The first flight, on an Airbus A330, will depart from Beijing Capital International Airport at 8:30am Beijing time and arrive at Taiwan Taoyuan International Airport at 1:00 pm.
<< (Logo: http://www.newscom.com/cgi-bin/prnh/20080625/CNW017LOGO ) >>
This will be the first time in over 60 years that there have been regular direct flights between Mainland China and Taiwan. Since 2006, Air China has operated special charter flights between Beijing and Taiwan during the four traditional Chinese holidays -- Spring Festival, Mid-Autumn Day, Tomb Sweeping Day, and Dragon Boat Festival.
The new flights will help all travelers from both sides of the Straits to travel more freely between the Mainland and Taiwan. This will open up business, cultural and travel opportunities between the cities. The flights will also offer travelers from Taiwan a convenient gateway to connect with flights from Beijing to other cities and countries throughout the world.
Scheduled flight information
<< Flight No. Schedule Departing Flight Time Date From CA185/6 Friday Beijing Beijing 0830 Taipei 1300 July 4th, 2008 Taipei 1400 Beijing 1820 >>
<< CA185/6 Friday, Beijing Beijing 0830 Taipei 1300 July 5th, 2008 Sunday Taipei 1400 Beijing 1820 to Oct 25th, 2008 >>
<< CA195/6 Friday, Shanghai Shanghai Pudong 1250 July 4th, 2008 Sunday Taipei 1600 to Oct 25th, 2008 Taipei 1700 Shanghai Pudong 1950 >>
<< Notes: the above time is local time and the detailed flight information on sales system will be valid. >>
For more information, visit Air China's website http://www.airchina.com.cn/ or call Air China Sales Service Hotline at 4008- 100-999.
SOURCE: Air China
Chris French, chris.french@ogilvy.com, for Air China
Copyright (C) 2008 CNW Group. All rights reserved.
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