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15-Mar-2013 11:57 AM

Hainan Airlines operating profit down 38% in 2012

Hainan Airlines revenue up 10% – financial highlights for 2012:

  • Revenue: CNY28,868 million (USD4574 million), +9.9% year-on-year;
    • Passenger: CNY25,794 million (USD4087 million), +10.8%;
    • Cargo: CNY934.1 million (USD148.0 million), +1.2%;
  • Costs: CNY21,558 million (USD3416 million), +10.6%;
  • Operating profit: CNY1992 million (USD315.6 million), -37.6%;
  • Net profit: CNY1928 million (USD305.4 million), -26.7%;
  • Passenger numbers: 22.6 million, +10.1%;
  • Passenger load factor: 84.4%, +0.2 ppt;
  • Cargo volume: 292,600 tonnes, +0.2%;
  • Total assets: CNY92,719 million (USD14,691 million), +14.1%;
  • Total liabilities: CNY68,810 million (USD10,902 million), +3.1%. [more – original PR – Chinese]

*Based on the average conversion rate at USD1 = CNY6.3115

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