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Hainan Airlines 1H2009 revenue down 1.3%, profit falls 43%

31-Aug-2009 11:45 AM

Hainan Airlines revenue down 1.3% - consolidated financial highlights for the six months ended 30-Jun-2009 (according to Chinese accounting standard):

  • Operating revenue: USD994.5 million, -1.3% year-on-year;
  • Operating costs: USD801.0 million, -3.5%;
  • Operating profit (loss): (USD221,669), compared to a profit of USD43.2 million in the previous corresponding period;
  • Net profit: USD25.6 million, -43.7%;
  • Passenger numbers: 8.1 million, +13.2%;
  • Passenger load factor: 77.0%, -2.8 ppts;
  • Cargo volume: 97,500 tonnes, +0.4%.
  • *Based on the conversion rate at USD1 = CNY6.83