Hainan Airlines first quarter profitability soars

Hainan Airlines reported a notable 693% year-on-year increase in net profitability in 1Q2010 to USD37 million, with a net profit margin of 5.4% in the quarter - its best in five quarters. [1303 words]

CAPA Members Login Username: Password: Remember details

Instantly get access to this article now for USD15.00. or If you've already bought this article, you can view it by typing your Article Key:

This report contains the following subheadings:

• Hainan Airlines – back to black in 2009
• Margins improve, but remain thin
• Revenues reach highest level
• Rapid traffic and fleet growth                                                             
• Outlook: Upwards growth trajectory expected to traffic, revenues and profits in 2010

This report contains the following charts and tables:

• Hainan Airlines net profit margin trend: 1Q2009 to 1Q2010
• Chinese carriers net profit margin: 1Q2009 to 1Q2010 (according to the Chinese accounting standard)
• Hainan Airlines revenue trend: 1Q2009 to 1Q2010
• Hainan Airlines financial results: Three months ended 31-Mar-2010 (Chinese Accounting Standards)
• Chinese carriers total assets: 31-Dec-2009 vs 31-Mar-2010
• Hainan Airlines financial results: 12 months ended 31-Dec-2009 (Chinese Accounting Standards)
• Hainan Airlines net profit margin (%): 2001 to 2010F
• Hainan Airlines revenue (CNY billions) and growth (%): 2001 to 2010F
• Operating revenue breakdown by airline: 2009 (CNY)
• Hainan Airlines passenger numbers growth and cargo volume growth: 2001 to 2010F
• Hainan Airlines freight and passenger growth: Dec-2008 to Dec-2009
• Hainan Airlines passenger numbers: 2001 to 2010F
• Hainan Airlines’ fleet growth (units): 2007 to 2011
• Hainan Airlines’ total assets trend and liabilities/total assets rate: 2001 to 2009