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Profitable Hainan Airlines 'still single'; Driving international expansion organically

6-Sep-2011

Hainan Airlines and HNA Aviation Group chairman Wang Yingming has said the airline has decided to remain outside the global alliances fold for now, commenting that Hainan Airlines is "still single because we don't want to marry early." Instead, the profitable carrier plans to accelerate international network expansion organically - a higher risk option. Hainan Airlines will receive 10 aircraft this calendar year, increasing its seat capacity by 11%, with the majority of the planned capacity to be introduced in 2H2011. [2313 words]

Unlock the following content in this report:

Subheadings:

  • Hainan Airlines has ‘long-term growth plan’ in international arena
  • Targeting 20 million pax for FY2011
  • Hainan Airlines posts big increase in operating profits in first half
  • Strongest load factors among its peers
  • High debt ratio of 81.5%; issues bonds
  • To increase fleet to more than 200 in five years
  • Outlook: Single for now
  • Growing presence in Beijing, Shanghai and Shenzhen

Graphs and data:

  • Hainan Airlines’ codeshare partners: Aug-2011
  • Hainan Airlines international destination map: Sep-2011
  • Top 15 carriers by international capacity (ASKs) to/from China: 29-Aug-2011 to 04-Sep-2011
  • Hainan Airlines annual passenger numbers (mill): 2001 to 2011F
  • Hainan Airlines operating profit margin vs net profit margin performance: 1H2008 to 1H2011
  • Hainan Airlines passenger yield, RASK and CASK performance: 1H2008 to 1H2011
  • Load factor (%) comparison for Air China, China Southern Airlines, China Eastern Airlines and Hanian Airlines: Jul-2009 to Jul-2011
  • Cargo volume growth (%) comparison for Air China, China Southern Airlines, China Eastern Airlines and Hainan Airlines: Jul-2009 to Jul-2011
  • Hainan Airlines passenger numbers (mill): 2009 to 2011
  • Hainan Airlines load factors (%): 2009 to 2011
  • Hainan Airlines fleet: at 05-Sep-2011
  • Hainan Airlines fleet breakdown for aircraft on order: at 05-Sep-2011
  • Hainan Airlines international vs domestic capacity (ASKs) share: 29-Aug-2011 to 04-Sep-2011
  • Hainan Airlines international vs domestic capacity (seats) share: 29-Aug-2011 to 04-Sep-2011
  • Haikou Airport capacity (seats per week) by carrier: 29-Aug-2011 to 04-Sep-2011
  • Beijing Capital International Airport capacity (seats per week, ) by carrier: 29-Aug-2011 to 04-Sep-2011
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