Hainan Airlines 1H2009 revenue down 1.3%, profit falls 43%

Hainan Airlines revenue down 1.3% - consolidated financial highlights for the six months ended 30-Jun-2009 (according to Chinese accounting standard):

• Operating revenue: USD994.5 million, -1.3% year-on-year;
• Operating costs: USD801.0 million, -3.5%;
• Operating profit (loss): (USD221,669), compared to a profit of USD43.2 million in the previous corresponding period;
• Net profit: USD25.6 million, -43.7%;
• Passenger numbers: 8.1 million, +13.2%;
• Passenger load factor: 77.0%, -2.8 ppts;
• Cargo volume: 97,500 tonnes, +0.4%.
• *Based on the conversion rate at USD1 = CNY6.83