China's aviation industry reports 364% surge in Jul-2010 profit

CAAC reports the following financial/traffic highlights in Jul-2010 (Yicai.com, 16-Aug-2010):

• Profit: USD948.8 million, +363.5%;
  • Airlines: USD808.2 million,
  • Airports: USD76.1 million,
  • Other: USD64.4 million,
• Passenger numbers: 25.5 million, +21.0%;
• Load factor: 83.6%, +6.8 ppts;
• Cargo volume: 4445,400 tonnes, +23.6%;
• Aircraft utilisation rate: 9.8 hours, +0.2 hour.

*Based on the conversion rate at USD1 = CNY6.83

Meanwhile, Air China, China Southern Airlines and China Eastern Airlines are expected to report net profits of USD585.7 million, USD292.8 million and USD410.0 million, respectively, in 3Q2010.