SHANDONG AIRLINES Q1 PROFITS UP

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By TESTCustomwebLP TESTCustomwebLP May 5, 2011 08:42

SHANDONG AIRLINES Q1 PROFITS UP

Shandong Airlines has reported a first-quarter net profit of CNY169.5 million ($26 million), up 79.5% over net income of CNY94.39 million in the year-ago period. The carrier credited “the robust growth of domestic market demand stimulated by a fast-growing Chinese economy” for the improved result.

First-quarter revenue climbed 35.6% year-over-year to CNY2.03 billion while expenses jumped 32% to CNY1.53 billion, which was mainly attributable to higher fuel prices.

Fingures for RPKs, load factor and FTKs were not released by the airline.
As of March 31, SC operated a fleet of 49 aircraft. It has plans to expand it to 100 aircraft by 2015.

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By TESTCustomwebLP TESTCustomwebLP May 5, 2011 08:42
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