Chinese aviation industry's profits strengthen in 2010

Airline industry profits are flowing again in China in 2010 after a recovery in earnings in late 2009. Chinese carriers are now growing capacity (and their respective fleets and networks) aggressively, looking to further consolidate at home and increasing their presence on the international stage with a series of alliance moves. [1890 words]

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This report contains the following subheadings:

• Aircraft utilisation rate averages 9.3 hours
• China traffic remains in positive territory across the board in May-2010
• Continued growth among the majors in May-2010
• 2010 traffic could outstrip forecasts
• Over 200 aircraft to be added to the Chinese fleet in 2010; requirement of over 700 aircraft in next five years
• Outlook: Fastest growing aviation market in the world, but challenges ahead
• Chinese carriers to benefit from Yuan reform
• But no more cash injections

This report contains the following charts and tables:

• CAAC financial highlights: May-2010
• CAAC financial highlights: Four months to Apr-2010
• Chinese carrier average daily aircraft utilisation hours (selected types): 2009
• CAAC traffic highlights: May-2010
• CAAC domestic and international passenger growth (%): Jan-2009 to May-2010
• CAAC passenger and cargo growth (%): Jan-2009 to May-2010
• Chinese mainland carriers’ passenger numbers and growth: 2003 to 2010F
• Chinese mainland carriers’ passenger numbers and cargo volume growth: 2005 to 2010F
• Chinese mainland carriers’ cargo volume and cargo volume growth: 2003 to 2009
• China real GDP growth (%): 2001 to 2010