Xiamen Airlines now Asia’s sixth largest carrier, earning profits all the way

Few in the aviation industry would name Xiamen Airlines in the list of leading Asia Pacific airlines, let alone in the Top 10. But Xiamen Airlines, now ranked sixth in Asia by seats per week, is a name to watch. The chiefly domestic Chinese airline is also one of the world's most consistently profitable, notching 24 consecutive years in the black - an amazing achievement given the volatility in the industry over this period.

Further healthy growth by Xiamen Airlines is expected amid strong domestic and regional expansion. The carrier plans to significantly increase its scale over the next five years, targeting CNY30 billion (USD4.5 billion) in annual revenue, more than 30 million passengers and over 300,000 tonnes of cargo by 2015, the end of the 12th five-year plan (2011 to 2015). This will involve an average capacity growth rate of 14.9% p/a over the next five years. The carrier will also benefit from the development of a new airport in Xiamen as it grows its presence. [1523 words]

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This report contains the following subheadings:

• Xiamen Airlines – sixth largest carrier in Asia
• 7.3 million passengers in 1H2011. Targeting 30 million pax by 2015
• Unbroken run of profitability in 2010. Earnings up 13-fold from 2001 levels
• 95% of capacity deployed domestically
• Network profile to change as it looks to launch transoceanic services by 2014; European services by 2015
• To increase fleet to 130 aircraft in 12th five-year plan
• SkyTeam to help drive international aspirations

This report contains the following charts and tables:

• World’s top 15 airlines by domestic seats: 10-Oct-2011 to 16-Oct-2011
• World’s top 15 airlines by Asia Pacific system seats: 10-Oct-2011 to 16-Oct-2011
• Xiamen Airlines monthly passenger numbers (mill): Jan-2009 to Jun-2011
• Xiamen Airlines passenger (000s): 2001 to 2010
• Xiamen Airlines RTKs (000s): 2001 to 2010
• Xiamen Airlines operating revenues (CNY, 000s): 2001 to 2010
• Xiamen Airlines profit (CNY, 000s): 2001 to 2010
• Xiamen Airlines international vs domestic capacity share (10-Oct-2011 to 16-Oct-2011)
• Xiamen Airlines destination map: Oct-2011
• Xiamen Airlines fleet profile: Oct-2011