Chinese airlines report bigger profits
(Xinhua) Updated: 2006-10-28 10:40
Chinese airlines reported a profit of 4.25 billion yuan in the third quarter
of the year, an increase of 15 percent year on year, the General Administration
of Civil Aviation of China (CAAC)said Friday.
The airlines posted revenues of 46.58 billion yuan from their main business
between July and September, up 20.6 percent over the same period of 2005.
Their costs surged 21.7 percent in the same period to 42.1 billion yuan.
Total revenue for the civil aviation industry in the third quarter stood at
65.4 billion yuan, up 22.2 percent year on year.
The civil aviation industry handled 44.93 million passengers and 916,000 tons
of goods in the third quarter, up 14.7 percent and 12.2 percent respectively.
The industry reported no accidents in the period.
|