China Southern Airline, today issued a public notice that first half operating income is 24.268 billion yuan, after-tax net profit is 1.35 billion yuan, respectively year reduction 2.456 billion yuan and774 million yuan.
Semi-annual report shows that China Southern Airlines passenger traffic in the first half of 30.95 million passengers, up by 10.7%, load factor and aircraft daily utilization rate has improved, but the passenger revenues are falling, in which the sharpest decline in international passenger revenue, to 28.5 %, followed by Hong Kong, Macao and Taiwan fell 7.4%, as well as the mainland fell 3.6%.
Freight transport by air the impact of declining demand, traffic and revenue dropped by 13.1% and 37.2%.
Company believes that the first half of the international aviation market downturn, the domestic aviation market in the state of active policies and measures, the gradual recovery and the emergence of a certain increase. However, by a stream, the market impact of increased competition, reduced quality of corporate earnings. An important measure of the company's business transport indicators, each fee revenue passenger kilometers, down by 13.3% to 0.52 yuan per ton-km of freight and mail transportation revenue fell 18.6% to 1.62 yuan.
In the first half decline in fuel prices Southern Airlines aviation fuel costs year on year reduction of 35.9% to 6.659 billion yuan.
In addition, the company also received the return of civil aviation infrastructure fund 1.328 billion yuan, and last year without this revenue. But overall, the first half after-tax net profit of 1.35 billion, while the same period last year was 909 million yuan.
Industry analysis, not as China Southern Airlines, Air China and China Eastern, the conduct of CAO ST change in fair value of hedging gains, nor did last year, the RMB exchange rate against the U.S. dollar is large up to more than 20 billion yuan exchange gains, only the This has been achieved. In the first half, China Southern Airlines recorded an exchange gain of RMB 36 million yuan, 2.599 billion yuan less than the same period last year.
