19-Oct-2009 10:58 AM
Chinese airlines generate USD1.3 billion profit for year-to-Sep-2009
CAAC announced (16-Oct-2009) the country's civil aviation industry reported a profit of USD1.3 billion for the nine months ended 30-Sep-2009. Details include:
Sep-2009:
- Revenue: USD3,982 million, n/a year-on-year;
- Airlines: USD2,738 million, n/a;
- Profit: USD127.4 million, compared to a loss of USD325.0 million in the previous corresponding period;
- Airlines: USD23.4 million, compared to a loss of USD386.5 million in the previous corresponding period;
Nine months ended 30-Sep-2009:
- Profit: USD1.3 billion, compared to a loss of USD68.8 million in the previous corresponding period;
- Airlines: USD897.5 million, compared to a loss of USD812.6 million in the previous corresponding period.
- *Based on the conversion rate at USD1 = CNY6.83