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Hainan Airlines operating profit down 39% in 1H2012

31-Aug-2012 11:26 AM

Hainan Airlines revenue up 20% – financial highlights for six months ended 30-Jun-2012 (according to Chinese Accounting Standards):

  • Total operating revenue: CNY13,891 million (USD2204 million), +20.1% year-on-year;
    • Domestic: CNY11,171 million (USD1772 million), +21.7%;
    • International and regional: CNY1581 million (USD250.9 million), +0.7%;
  • Total operating costs: CNY13,634 million (USD2163 million), +24.0%;
  • Operating profit: CNY487.3 million (USD77.3 million), -39.0%;
  • Net profit: CNY499.0 million (USD79.2 million), -25.5%;
  • Passenger numbers: 11.0 million, +14.9%;
  • Passenger load factor: 83.7%, +0.1 ppt;
  • Total assets: CNY82,158 million (USD13,035 million), +1.1% when compared to period as at 01-Jan-2012;
  • Total liabilities: CNY67,527 million (USD10,714 million), +1.2% when compared to period as at 01-Jan-2012. [more - original PR - Chinese]

*Based on the average conversion rate at USD1 = CNY6.3027 for the period