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China’s aviation industry returns to robust growth, as domestic traffic recovery gathers pace

20-Nov-2009

CAAC Director General, Li Jiaxiang, stated China's aviation sector has returned to robust growth, with double-digit increases in all segments of the industry, and higher passenger numbers and profits at the country's airlines in the last quarter. [3122 words]

Unlock the following content in this report:

Subheadings:

  • China traffic remains in positive territory across the board in Oct-2009
  • China’s ‘Big Three’ return to the black; continued traffic growth among the majors in Oct-2009
  • Combined operating profit of USD208 million and net profit of USD180 million
  • Air China sees largest net profit in the quarter
  • Air China seeing double-digit pax growth  
  • Air China has largest assets and owner’s equity; China Eastern ownership equity in the negative
  • China Eastern reports operating loss; Air China and China Southern return to positive territory
  • China Eastern: Highest double digit passenger growth among the majors in Oct-2009
  • China Southern: China’s largest carrier by pax benefits from improved domestic demand
  • Shandong Airlines and Hainan Airlines profitable in 3Q2009; Shanghai Airlines not
  • Hainan Airlines in rapid growth phase  
  • Shanghai Airlines sees double-digit improvement in pax levels, but double-digit cargo reductions
  • Spring Airlines’ profits and traffic surge
  • Cathay also seeing improvement, but no growth yet
  • Freight back to double-digit growth in the Mainland
  • Cathay cargo demand expected to remain strong over next month
  • Outlook: Fastest growing aviation market in the world, but challenges ahead

Graphs and data:

  • CAAC traffic highlights: Oct-2009
  • CAAC passenger number growth: Oct-2008 to Oct-2009
  • CAAC passenger number growth and cargo volume growth: Oct-2008 to Oct-2009
  • Air China, China Eastern and China Southern financial highlights for three months ended 30-Sep-2009 
  • Air China, China Southern and China Eastern net profit comparison: 1-3Q09 vs 3Q09
  • Air China, China Southern and China Eastern net profit margin comparison: 1-3Q09 vs 3Q09
  • Cathay, Hainan Airlines, China Eastern, China Southern and Air China passenger load factor (ppts) growth: Oct-2007 to Oct-2009
  • Air China traffic highlights: Oct-2009
  • Air China, China Southern and China Eastern financial comparison at the end of 31-Sep-09: Total Assets vs Owners’ equity
  • Cathay, Hainan Airlines, China Eastern, China Southern and Air China passenger number growth: Oct-2007 to Oct-2009
  • China Eastern Airlines traffic highlights: Oct-2009
  • Air China, China Southern and China Eastern revenue comparison: 1-3Q09 vs 3Q09
  • China Southern Airlines traffic highlights: Oct-2009
  • Shandong Airlines, Shanghai Airlines and Hainan Airlines financial highlights for three months ended 30-Sep-2009  (According to Chinese Accounting Standards)
  • Cathay, Hainan Airlines, China Eastern, China Southern and Air China capacity (ASKs) growth: Oct-2007 to Oct-2009
  • Hainan Airlines traffic highlights: Oct-2009        
  • Cathay, Hainan Airlines, China Eastern, China Southern and Air China traffic (RPKs) growth: Oct-2007 to Oct-2009
  • Passenger numbers trends for the smaller Chinese airlines:  May-2008 to Jul-2009
  • Cathay Pacific passenger and freight growth: Oct-2008 to Oct-2009
  • Cathay Pacific passenger and freight (RPKs), passenger and capacity (ASKs) growth: Oct-2008 to Oct-2009
  • Cathay, Hainan Airlines, China Eastern, China Southern and Air China freight (FTKs) growth: Oct-2007 to Oct-2009
  • China real GDP growth (%): 2001 to 2009
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