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Shenzhen Airlines confident its profitable streak will continue in 2009


Shenzhen Airlines announced it is confident of reporting a profit this year, despite the global financial downturn and swine flu scare. The carrier posted a profit of USD29.3 million in the first four months of 2009, following a profit of USD4.1 million in 2008. The carreir has assets of over USD3 billion. According to CEO, Li Kun, "we are sure that we will be profitable this year, but it is hard to make a forecast, as there is some uncertainty about oil prices and how the swine flu evolves." [937 words]

Unlock the following content in this report:


  • Signs strategic cooperation agreements with Wuxi and Harbin Municipal Governments
  • Continues with domestic expansion plans

Graphs and data:

  • Wuxi capacity share by carrier (week commencing 20-Jul-09)
  • Harbin capacity share by carrier (week commencing 20-Jul-09)
  • Shenzhen Airlines new routes: Jun-2009 and Jul-2009
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