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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

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