30-Aug-2011 11:35 AM

Hainan Airlines reports strong profit growth in 1H2011

Hainan Airlines revenue up 20% – financial highlights for the six months ended 30-Jun-2011 (according to Chinese Accounting Standards):

  • Revenue: USD1807 million, +19.6% year-on-year;
  • Operating costs: USD1365 million, +18.1%;
  • Operating profit: USD124.8 million, +62.9% year-on-year;
  • Net profit: USD104.6 million, +20.2%;
  • Passenger numbers: 957,320, +4.4%;
  • Passenger load factor: 83.7%, +2.5 ppts;
  • Cargo volume: 132,100 tonnes, -2.3%;
  • Total assets: USD11,931 million, +6.7% when compared to period ended 31-Dec-2010;
  • Total liabilities: USD9724 million, +7.1% when compared to period ended 31-Dec-2010.

*Based on the conversion rate at USD1 = CNY6.4

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More