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;
- Aircraft utilisation rate: 8.9 hour.
*Based on the conversion rate at USD1 = CNY6.6415