Hainan Airlines operating profit down 38% in 2012

Hainan Airlines revenue up 10% - financial highlights for 2012:

• Revenue: CNY28,868 million (USD4574 million), +9.9% year-on-year;
  • Passenger: CNY25,794 million (USD4087 million), +10.8%;
  • Cargo: CNY934.1 million (USD148.0 million), +1.2%;
• Costs: CNY21,558 million (USD3416 million), +10.6%;
• Operating profit: CNY1992 million (USD315.6 million), -37.6%;
• Net profit: CNY1928 million (USD305.4 million), -26.7%;
• Passenger numbers: 22.6 million, +10.1%;
• Passenger load factor: 84.4%, +0.2 ppt;
• Cargo volume: 292,600 tonnes, +0.2%;
• Total assets: CNY92,719 million (USD14,691 million), +14.1%;
• Total liabilities: CNY68,810 million (USD10,902 million), +3.1%. [more - original PR - Chinese]

*Based on the average conversion rate at USD1 = CNY6.3115