21-Dec-2010 11:24 AM

China's Nov-2010 aviation profit down from Oct-2010

CAAC reported China’s aviation industry registered a profit of CNY1550 million (USD233 million) in Nov-2010, an increase of 4.8% year-on-year but is significantly down from the CNY4920 million (USD740.8 million) profit in Oct-2010 (Yicai.com, 21-Dec-2010). Details include:

  • Profit*: USD233.4 million, +4.8% year-on-year;
  • Passenger load factor: 77.6%, -0.5 ppt;
    • Domestic: 79.1%, stable;
    • Hong Kong, Macau and Taiwan: 72.9%, -0.7 ppt;
    • International: 71.7%, -1.9 ppt;
  • Aircraft utilisation rate: 8.9 hour.

*Based on the conversion rate at USD1 = CNY6.6415