Income Of China’s Aviation Industry Sector Increased To Reach $ 896.7 Million
October 15, 2009 | Airline Industry, Airlines Companies, Aviation
China’s aviation industry reported revenue during the first nine months of this year, recorded a net income of $ 896.7 million. Revenue was higher than years ago. Airline revenue decline in China due to fuel prices and economic recovery. Total operating revenues dipped 2.2% to CNY 153 billion, while operating costs fell 3.8% to CNY 153.9 billion.
CAAC credited “economic recovery” and “lower fuel prices” for the positive result. Total operating revenue dipped 2.2% to CNY153 billion while operating expenses fell 3.8% to CNY153.9 billion.
Passenger boardings climbed 20% to 170 million and load factor increased 1.7 points to 75.9%. Cargo traffic rose 0.4% to 3.1 million tones, the first positive growth reported this year, which CAAC said was mainly attributable to rapid growth in the domestic airfreight market.
For the month of September, Chinese airlines posted collective net income of CNY160 million, a turnaround from a CNY2.96 billion loss in the year-ago month. Operating revenue lifted 1.4% to CNY18.7 billion.
September passenger boardings jumped 17.3% to 19.3 million with domestic passengers carried growing 17.5% and international increasing 14.1%. Load factor was 74.2%, down 1.3 points. Cargo volume climbed 24.7% to 456,500 tonnes. Chinese carriers operated a combined fleet of 1,373 aircraft as of Sept. 30, up 24 compared to Aug. 31.
