15-Mar-2011 11:29 AM
Hainan Airlines returns to operating profit in 2010
Hainan Airlines revenue up 39.6% - financial highlights for the 12 months ended 31-Dec-2010 (Based on Chinese Accounting Standards):
- Total operating revenue*: USD3301 million, +39.6% year-on-year;
- Passenger revenue: USD2792 million, +42.9%;
- Cargo: USD125.7 million, +71.3%;
- Costs: USD2356 million, +16.9%;
- Operating profit: USD426.2 million, compared with a loss of USD10.0 million in p-c-p;
- Net profit: USD458.4 million, +800.6%;
- Passenger numbers: 18.6 million, +6.9%;
- Cargo volume: 282,500 tonnes, +19.7%;
- Passenger load factor: 81.7%, +3.7 ppts;
- Total assets: USD10,883 million, +20.6%;
- Total liabilities: USD8839 million, +11.4%;
- 2011 forecast:
- Revenue: 3650 million;
- Costs: USD3042 million;
- Profit: USD608 million;
- Passenger numbers: 20 million, +7.3%;
- Cargo volume: 321,100 tonnes, +13.7%.
*Based on the conversion rate USD1 = CNY6.575