HALF-YEAR PROFITS RISE FOR CHINESE CARRIERS

Dino D'Amore
By Dino D'Amore July 22, 2011 19:29

HALF-YEAR PROFITS RISE FOR CHINESE CARRIERS

Chinese airlines have reported an aggregate net income of CNY12.78 billion ($1.98 billion) for the first half of 2011, representing a 26% over a net profit of CNY10.14 billion reported in the year-ago period.

Passenger numbers also increased by 9.8% to 139 million – domestic routes were up 10% and international boardings increased 8.2%. Average load factor improved 2.5 points to 81.3%.

Cargo traffic dropped 0.4% however to 2.66 million tonnes.

Dino D'Amore
By Dino D'Amore July 22, 2011 19:29
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