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

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