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Chinese aviation industry achieves “massive recovery” – CAAC. How sustainable is it?

23-Sep-2009

CAAC Director and former Air China Chairman, Li Jiaxiang, stated China’s aviation industry has achieved a “massive recovery”, generating CNY8 billion (USD1.2 billion) in profit so far this year, compared to a full year loss of USD4.1 billion in 2008. According to Mr Li, these results indicate a “full recovery” within the Chinese aviation industry. [3838 words]

Unlock the following content in this report:

Subheadings:

  • Boeing and Airbus see continued growth in China     
  • Chinese majors report combined profitability in 1H2009 (with a bit of help)
  • And the highest operating and net profit goes to … Air China
  • Air China: Double-digit growth across the board in Aug-2009
  • China Southern the worst-performing among the Big Three 
  • China Southern: China’s largest carrier by pax, with double-digit pax growth
  • China Eastern Airlines experiences most shattering yield reductions
  • China Eastern: Sees largest jump in pax among the majors
  • Shanghai Airlines slips into the red in 1H2009
  • Hainan Airlines reports net profitability, operating loss in 1H2009
  • Hainan Airlines enters rapid growth phase  
  • Shandong Airlines reports positive operating margin
  • Freight shows signs of stabilising; returns to positive territory for the majors
  • Cathay Pacific struggling with yield weakness
  • Outlook: Fastest growing aviation market in the world, but challenges ahead

Graphs and data:

  • CAAC traffic highlights: Jul-2009
  • Select Chinese carriers’ key financial results: Six months ended 30-Jun-2009
  • Select Chinese carriers’ operating and net profit margins (%): Six months ended 31-Mar-09
  • Cathay, Hainan Airlines, China Eastern, China Southern and Air China passenger load factor (ppts) growth: Aug-2007 to Aug-2009
  • Air China traffic highlights: Aug-2009
  • China Southern Airlines traffic highlights: Aug-2009
  • Cathay, Hainan Airlines, China Eastern, China Southern and Air China capacity (ASKs) growth: Aug-2007 to Aug-2009
  • Select Chinese carriers’ key financial results: Six months ended 30-Jun-2009
  • Cathay, Hainan Airlines, China Eastern, China Southern and Air China passenger number growth: Aug-2007 to Aug-2009
  • China Eastern Airlines traffic highlights: Aug-2009
  • Hainan Airlines financial highlights for six months ended 30-Jun-2009
  • Hainan Airlines traffic highlights: Aug-2009
  • Cathay, Hainan Airlines, China Eastern, China Southern and Air China traffic (RPKs) growth: Aug-2007 to Aug-2009
  • Hainan Airlines 2009 forecasts
  • Shandong Airlines financial highlights for six months ended 30-Jun-2009
  • Spring Airlines out performs its smaller/private carrier rivals, does not expect aviation industry recovery in 2H2009
  • Passenger numbers trends for the smaller Chinese airlines:  May-2008 to Jul-2009
  • Cathay, Hainan Airlines, China Eastern, China Southern and Air China freight (FTKs) growth: Jul-2007 to Aug-2009
  • Cathay Pacific freight and AFTK growth: Aug-2008 to Aug-2009
  • Cathay Pacific/Dragonair traffic highlights: Aug-2009
  • Cathay Pacific passenger number growth, RPK and ASK growth: Aug-2008 to Aug-2009
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