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Chinese airlines profit down 36%, airports stable in Mar-2011

18-Apr-2011 11:50 AM

CAAC reported the following financial highlights for the nation’s airlines and airports (Yicai, 15-Apr-2011):

  • Mar-2011:
    • Profit: CNY2370 million, -27.2% year-on-year;
      • Airlines: CNY1710 million, -36.2%;
      • Airports: CNY250 million, stable;
  • Three months ended 31-Mar-2011:
    • Profit: CNY7480 million, +17.5%;
      • Airlines: CNY5730 million, +31.8%;
      • Airports: CNY690 million, -44.6%.