By Katie Cantle - Air Transport World, 20 February 2012
Chinese carriers reported a collective net profit of CNY1.98 billion ($314.5 million) in January, down 29.9% compared to CNY2.82 billion in the same period of last year.
Industry analysts cited higher fuel prices and a sharp decline of cargo traffic as the main reason for the results. Domestic airlines reported a 23.8% increase in operating expenses to CNY29.61 billion against a lift of 18.4% in operating revenue to CNY32.02 billion.
Passenger boardings climbed 13.2% to 25.7 million. Domestic boardings jumped 13.4% while international boardings rose 11.1%. CAAC didn't reveal exact numbers.
Passenger load factor improved 1.9 points to 81.3%. Average daily aircraft utilization rate increased to 9.4 hrs.
Cargo traffic volume plummeted 28.7% to 354,151 tonnes due to gloomy global economic downturn. Domestic routes saw a 26% in cargo traffic while international routes were down 34.6 %. Both figures also were not disclosed by the regulator.
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