Chinese Airlines Earn Nearly $1 Billion in September

Chinese airlines maintained their robust recovery pace in September owing in part to the nation’s fast-growing domestic market, earning collective net income of $997.5 mio. for the month, according to CAAC.

The profit is significantly increased over the CNY160 million in aggregate income earned by the carriers in September 2009.Total operating revenue climbed 46% to CNY27.26 billion while operating expenses heightened 10.7% to CNY21.04 billion.

China’s airlines transported 22.6 million passengers in September, up 17% year-over-year. International boardings lifted 31.6% while domestic passengers increased 16%. Average load factor improved 6.5 points to 80.9%. September cargo traffic volume increased 9.1% to 515,700 tonnes.

The country’s airlines operated a total fleet of 1,560 aircraft as of Sept. 30, 16 more units than at the end of August.

CAAC said total passenger boardings for the first nine months of 2010 climbed 17.8% year-over-year to 200.7 million. Domestic passengers grew 16.6% to 186.2 million. Nine-month cargo traffic volume jumped 29.9% to 4.1 million tonnes.


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