Chinese carriers reported a net profit of CNY2.2 billion ($358 million) in September, down 24% compared with a net income of CNY2.82 billion in the year-ago month. Operating revenue jumped 7% to CNY36.3 billion while operating expenses climbed 8% to CNY31.2 billion. Industry analysts cited airfare decreases resulting from a decline in market demand and overcapacity and exchange rate reductions as main reasons for the decline. Passenger boardings rose 9% to 33.15 million with an average load ...

Subscribe to Access this Entire Article

"Chinese carriers’ collective net profit falls 24% in September" 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.