31-Oct-2011 12:14 PM

China Airlines reports steep decline in profits in first nine months of 2011

China Airlines revenue down 5% – financial highlights for nine months ended 30-Sep-2011:

  • Operating revenue: USD3309 million, -4.6% year-on-year;
  • Operating costs: USD3069 million, +9.1%;
  • Operating expense: USD215.4 million, -12.3%;
  • Operating profit: USD24.3 million, -94.1%;
  • Net profit: USD7.2 million, -97.9%;
  • Total assets: USD6730 million, -5.5%;
  • Cash and cash equivalents: USD251.9 million, -37.7%;
  • Total liabilities: USD5091 million, -5.4%.

*Based on the conversion rate at USD1 = TWD29.8521

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More