Shanghai Airlines 3Q2009 revenue up 14.9%, losses narrow

Shanghai Airlines revenue up 14.9% - financial highlights for the three months ended 30-Sep-2009 (according to Chinese Accounting Standard):

• Total operating revenue: USD529.8 million, +14.9% year-on-year;
• Total operating costs: USD557.7 million, +6.0%;
• Operating profit (loss): (USD28.3 million), compared to a loss of USD67.4 million in the previous corresponding period;
• Net profit (loss): (USD6.2 million), compared to a loss of USD64.0 million in the previous corresponding period;
• Nine months ended 30-Sep-2009:
  • Passenger numbers: 9.0 million, +19.9%;
  • Passenger load factor: 73.0%, +1.9 ppt;
  • Cargo volume: 213,620 tonnes, -12.7%.
• *Based on the conversion rate at USD1 = CNY6.83