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Xiamen Airlines is China's longest consecutively profitable airline, profit since 2011 exceeds 26yrs

14-Nov-2013 10:33 AM

Xiamen Airlines stated (13-Nov-2013) it expects to report its 27th consecutive year of profitability in 2013, becoming China’s longest consecutively profitable airline. The carrier stated it has achieved rapid growth between 2011 and now, realising total profit of CNY6000 million (USD937.5 million), which is equivalent to the sum of its profits in the past 26 years. The carrier noted its average profit margin reached 12.0%, 6.8 ppts higher than the average in China’s civil aviation while its average net assets to profit margin is 2.2 times higher than the national average at 28.6%. Xiamen Airlines is now China's sixth largest carrier serving 218 domestic routes and 26 international and regional routes. [more - original PR - Chinese]