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Chinese airports follow the trend of poor airline performance

31-Oct-2008

Three Chinese airports reported 3Q08 and nine-months to 30-Sep-08 financial results, to Chinese Accounting standards. In two cases, Shanghai and Shenzhen, small revenue increases were overwhelmed by costs, leading to heavy operating and net reductions. [934 words]

Unlock the following content in this report:

Subheadings:

  • China Southern and China Eastern announce/anticipate net losses
  • Operational costs increase by 60%
  • USD35 million put aside in contract dispute

Graphs and data:

  • Shanghai Airport year-on-year financial performance in 3Q08 and nine months ended 30-Sep-08
  • Shanghai Airport financial performance YTD3Q08 vs. YTD3Q07
  • Shenzhen Airport year-on-year financial performance in 3Q08 and nine months ended 30-Sep-08
  • Shenzhen Airport financial performance YTD3Q08 vs. YTD3Q07
  • Guangzhou Baiyuan International Airport year-on-year financial performance in 3Q08 and nine months ended 30-Sep-08
  • Guangzhou Baiyuan International Airport financial performance YTD3Q08 vs. YTD3Q07
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