Chinese carriers reported a net income of CNY640 million ($103.7 million) in May, up 152% compared to a net profit of CNY254 million year-over-year. Operating revenue dropped 4% to CNY29.5 billion while operating expenses rose 2% to CNY26.8 billion. Industry analysts said the increase was due to the exchange rate gain resulting from yuan appreciation; domestic airlines saw an exchange gain of CNY1.6 billion in May. Passenger boardings climbed 12.1% to 28.6 million with an average load ...

Subscribe to Access this Entire Article

"Chinese carriers’ collective net income more than doubles in May " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.