Loading
28-Aug-2014 11:33 AM

Hainan Airlines Group reports 77% operating profit decline in 1H2014

Hainan Airlines Group revenue up 13% - financial highlights for six months ended 30-Jun-2014:

  • Revenue: CNY17,989 million (USD2929 million), +13.1% year-on-year;
  • Costs: CNY14,502 million (USD2361 million), +15.3%;
  • Operating profit: CNY158.3 million (USD25.8 million), -76.9%;
  • Net profit: CNY482.8 million (USD78.6 million), -25.4%;
  • Passenger numbers: 16.9 million, +15.7%;
  • Passenger load factor: 86.2%, +0.2 ppt;
  • Total assets: CNY115,300 million (USD18,770 million);
  • Cash and cash equivalents: CNY24,799 million (USD4037 million);
  • Total liabilities: CNY87,323 million (USD14,216 million). [more - original PR - Chinese]

*Based on the average conversion rate at USD1 = CNY6.1428

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More