Aviation industry’s income on the rise
May 30, 2011 Category Travel, Weekly
China’s civil aviation industry, including airlines and airports, earned CNY11.47 billion in net income in the first four months of this year, an annual rise of 17.7%. Domestic carriers earned CNY8.83 billion in the period, up an annual 34.1%, while profit of airports plunged 49% to CNY1.1 billion, the Civil Aviation Administration of China (CAAC) said. In April, net income of the industry surged an annual 53.8% to CNY4.16 billion. Domestic airlines flew 24.37 million passengers last month, a growth of 13% from a year earlier, and carried 2.6% more cargo at 478,300 tons. Passenger volume on China-Japan routes declined 32.2% in April. Air China carried 4.16 million passengers, up 9.5%, China Southern Airlines 6.76 million passengers, up 7%, and China Eastern Airlines 5.88 million passengers, a gain of 15.5% annually.
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