19-Nov-2013 11:45 AM

CAAC: Chinese airline profit down 38% in Oct-2013

CAAC reported Chinese carriers incurred a profit of CNY1500 million (USD234.4 million), down 38% year-on-year in Oct-2013, as reported by Yicai. Airline operating revenue increased 3% to CNY34,300 million (USD5359 million). Passenger numbers during the month increased 11.8% to 31.7 million while cargo volume increased 7.0% to 490,000 tonnes and passenger load factor increased 0.3 ppt to 81.0%.