Shandong Airlines reports USD4.2m operating loss in 1H2014

Shandong Airlines revenue up 1% - financial highlights for six months ended 30-Jun-2014:

• Total operating revenue: CNY5564 million (USD906.0 million), +0.7% year-on-year;
• Total operating costs: CNY5586 million (USD909.5 million), +1.7%;
• Operating profit (loss): (CNY26.0 million) (USD4.2 million), compared to a profit of CNY40.7 million (USD6.6 million) in p-c-p;
• Net profit: CNY46.7 million (USD7.6 million), -4.3%;
• Passenger numbers: 7.4 million, +14.7%;
• Passenger load factor: 78.5%, +0.3 ppt;
• Cargo volume: 70,000 tons, +14.4%. [more - original PR - Chinese]

*Based on the average conversion rate at USD1 = CNY6.1419