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Shanghai Airlines' 1H2009 revenue down 22.5%

11-Aug-2009 11:33 AM

Shanghai Airlines revenue down 22.5% - financial highlights for the six months ended 30-Jun-2009 (According to Chinese accounting standards):

  • Total operating revenue: USD795.6 million, -22.5% year-on-year;
    • Passenger: USD550.0 million, -9.6%;
    • Cargo: USD72.8 million, -55.5%;
    • Other: USD172.3 million, -32.2%;
  • Total operating costs: USD882.6 million, -15.2%;
  • Operating profit (loss): (USD79.7 million), compared to a loss of USD13.3 million in the previous corresponding period;
  • Net profit (loss): (USD13.3 million), compared to a profit of USD1.3 million in the previous corresponding period;
  • Passenger numbers: 5.7 million, +17.3%;
  • Passenger load factor: 72.2%, +0.8 ppt;
  • Cargo volume: 138,830 tonnes, -16.6%.
  • *Based on the conversion rate at USD1 = CNY6.84