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China's aviation profitable in Apr-2012 after two consecutive months of losses

17-May-2012 12:07 PM

CAAC reported China’s aviation industry has returned to profitability in Apr-2012 after two consecutive months of losses in Feb-2012 and Mar-2012. Financial highlights in Apr-2012, as reported by Yicai, are as follows:

  • Revenue: CNY32,100 million (USD5016 million), +9.8% year-on-year;
  • Costs:
    • Fuel: 26,750 million (USD4180 million), +12%;
  • Profit: CNY1840 million (USD287.5 million), -46%;
  • Passenger numbers: 26.1 million, +6.9%;
  • Cargo volume: 445,000 tonnes, -6.9%.

According to CAAC, China's aviation reported a loss of CNY180 million (USD28.1 million) in Mar-2012 and a loss of CNY540 million (USD84.4 million) in Feb-2012.