My Account Menu

CAPA Login


Register to trial CAPA Membership!

Profits surge for China’s airlines - a “golden period” ahead

12-Nov-2010

Chinese airline profitability continues to soar in 2010, reflecting the local economic boom, a rebound in air travel demand and a strong yuan. The Chinese airline traffic and earnings outlook is similarly robust, prompting observations from some industry participants that Chinese aviation is entering a "golden" era. [1976 words]

Unlock the following content in this report:

Subheadings:

  • ‘Big Four’ report net profit result of USD1.9b; net profit margin of 17% in 3Q
  • Air China profits increase fourfold in 3Q2010; strongest profits in the market  
  • Air China expects 4Q results to meet expectations; optimistic of improved FY2011 profits
  • China Southern profit surges almost ten fold; Highest costs
  • China Eastern reports return to operating profit; boosted by Shanghai World Expo
  • Hainan Airlines reports strong profit growth; planning 25% capacity growth in 2011
  • Smaller carriers also profitable
  • Chinese aviation industry reports USD1.1bn profit in Sep-2010
  • Chinese carriers to operate more than 50,000 weekly services in winter

Graphs and data:

  • Air China, China Eastern, China Southern and Hainan Airlines financial highlights for the three months ended Sep-2010
  • Air China, China Eastern, China Southern, Hainan Airlines and Shandong Airlines net and operating profit comparisons: Three months ended Sep-2010 (CNY millions)
  • Selected airline labour cost per ASK for three months ended 30-Jun-2010 (unless stated otherwise)
  • Air China, China Eastern, China Southern, Hainan Airlines and Shandong Airlines revenue and operating cost comparisons: Three months ended Sep-2010 (CNY millions)
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.