Chinese carriers earned a collective profit of CNY1.84 billion ($290.5 million) in April, down 46%, from a net income of CNY3.4 billion in the year-ago month.
Chinese domestic airlines also reported a net loss of CNY540 million in February and CNY180 million in March due to high fuel prices and the slowdown of market demand.
“Chinese carriers started to see market recovery in international routes operation but air cargo is still in depression,” an industry insider said.
According to CAAC, Chinese carriers transported 26.05 million passengers in April, up 6.9% compared to the same month last year. Passenger load factor decreased 0.7 points to 82.5%. Cargo traffic volume reduced 6.9% to 445,000 tonnes.
Industry analysts point out that domestic carriers are expected to benefit from the gradual recovery of market demands, yuan appreciation and lower fuel prices in the second quarter but capacity discipline remains the key to their financial performance.
Article Source : ATW Daily News
No comments:
Post a Comment