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China Airlines remains in the red in 1H2011, cash balance down 19%

29-Aug-2011 12:19 PM

China Airlines revenue down 4% – financial highlights for the six months ended 30-Jun-2011:

  • Operating revenue: USD2206 million, -4.0% year-on-year;
    • Transportation revenue: USD2122 million, -3.7%;
  • Operating costs: USD2072 million, +9.8%;
  • Operating expenses: USD144.8 million, -17.7%;
  • Operating profit (loss): (USD10.4 million), compared to a profit of USD235.6 million in p-c-p;
  • Net profit (loss): (USD22.8 million), compared to a profit of USD216.2 million in p-c-p;
  • Total assets: USD6911 million, -7.1%;
  • Cash and cash equivalents: USD299.9 million, -18.9%;
  • Total liabilities: USD5315 million, -8.4%.

*Based on the conversion rate at USD1 = TWD29.02