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Hainan Airlines revenue up 42.8%, bounces back to profit in 1H2010

30-Aug-2010 11:41 AM

Hainan Airlines revenue up 42.8% - financial/traffic highlights for the six months ended 30-Jun-2010:

  • Total operating revenue*: USD1,414 million, +42.3% year-on-year;
  • Operating revenue: USD1,279 million, +42.8%;
    • Hainan Airlines: USD910.8 million, +41.6%;
    • Grand China Airlines: USD253.5 million, +66.7%;
    • Chang’an Airlines:  USD75.8 million, +10.4%;
    • Shanxi Airlines: USD39.0 million, +24.0%;
  • Operating costs: USD1,349 million, +35.5%;
  • Operating profit: USD71.7 million, compared with a loss of USD221,515 in p-c-p;
  • Net profit: USD81.5 million, +218.2%;
  • Net operating cash flow: USD175.8 million, +14.2%;
  • Passenger numbers: 9.2 million, +12.6%;
  • Load factor: 81.1%, +4.1 ppts;
  • Total assets: USD9,336 million, +7.5% when compared with period ended 31-Dec-2009.

*Based on the average conversion rate at USD1 = CNY6.83474 during the reporting period