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Shandong Airlines revenue up 6.3%, profits surge in 2009

26-Mar-2010 11:52 AM

Shandong Airlines revenue up 6.3% - financial highlights for the 12 months ended 31-Dec-2009 (according to Chinese Accounting Standards):

  • Total operating revenue: USD785.7 million, +6.3% year-on-year;
    • Air transportation: USD772.2 million, +6.5%
  • Total operating cost: USD746.1 million, +2.6%;
    • Air transportation: USD598.2 million, -0.4%;
  • Operating profit: USD38.3 million, +245.5%;
  • Government grants: USD19.8 million, +220.2%;
    • Repayment of infrastructure fund for civil aviation: USD16.8 million, no amount was granted in the previous corresponding period;
    • Subsidies for branch line aviation: USD2.3 million, -57.5%;
  • Net profit: USD44.3 million, +273.3%;
  • Passenger numbers: 7.8 million, +19.2%. [more]

*Based on the conversion rate at USD1 = CNY6.83