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Chinese airlines struggle through bleak first quarter: combined USD200 million operating loss

11-May-2009

Mainland China’s major state-owned carriers have started 2009 where they left off in 2008: deeply in the red. After staggering combined losses of some USD4 billion last year, the Mainland carriers have turned in a USD200 million operating loss in the first quarter of 2009, according to the Centre’s calculations. [2287 words]

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Subheadings:

  • And the highest operating profit and operating margin goes to... Air China
  • Shandong Airlines reports positive operating margin
  • China Eastern again the worst-performing among the Big Three
  • China Southern Airlines losses continue in 1Q09
  • Hainan Airlines returns to black in 1Q09 - just
  • Shanghai Airlines slips to operating loss in 1Q09; net profit due to government subsidies
  • Xiamen Airport outperforms Chinese counterparts in first quarter
  • Another difficult year ahead for China's aviation industry

Graphs and data:

  • Select Chinese carriers' key financial results: Three months ended 31-Mar-09
  • Select Chinese carriers' operating and net profit margins (%): Three months ended 31-Mar-09
  • Air China financial highlights for three months ended 31-Mar-09
  • Shandong Airlines financial highlights for three months ended 31-Mar-09
  • Select Chinese carriers' operating profit/loss results: 1Q08 vs 1Q09
  • China Eastern financial highlights for 3 months ended 31-Mar-09
  • China Southern Airlines financial highlights for three months ended 31-Mar-09
  • Select Chinese airline's passenger numbers: Jan-2006 to Mar-2009
  • Hainan Airlines financial highlights for three months ended 31-Mar-09
  • Hainan Airlines financial highlights for 12 months ended 31-Mar-09
  • Hainan Airlines 2009 forecasts
  • Shanghai Airlines financial highlights for three months ended 31-Mar-09
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