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Hainan Airlines reports strong profit growth in 1H2011

30-Aug-2011 11:35 AM

Hainan Airlines revenue up 20% – financial highlights for the six months ended 30-Jun-2011 (according to Chinese Accounting Standards):

  • Revenue: USD1807 million, +19.6% year-on-year;
  • Operating costs: USD1365 million, +18.1%;
  • Operating profit: USD124.8 million, +62.9% year-on-year;
  • Net profit: USD104.6 million, +20.2%;
  • Passenger numbers: 957,320, +4.4%;
  • Passenger load factor: 83.7%, +2.5 ppts;
  • Cargo volume: 132,100 tonnes, -2.3%;
  • Total assets: USD11,931 million, +6.7% when compared to period ended 31-Dec-2010;
  • Total liabilities: USD9724 million, +7.1% when compared to period ended 31-Dec-2010.

*Based on the conversion rate at USD1 = CNY6.4