18-Jan-2012 12:30 PM

Chinese carriers' net profit down 26% in 2011; 290 million pax handled in 2011

CAAC announced Chinese carriers reported a 25.9% year-on-year decline in net profit to CNY26.0 billion (USD4.1 billion) in 2011, according to Guangzhou Daily reports. Details include:

  • Net profit: CNY26.0 billion (USD4.1 billion), -25.9% year-on-year;
  • Passenger numbers: 290 million, +8.2%;
  • Cargo volume: 5.5 million tonnes, -2%.

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