BIZCHINA / Center |
Aviation industry reports profit(Xinhua)Updated: 2006-12-27 11:19 China's civil aviation industry saw profits jump to more than nine billion
yuan (1.15 billion U.S. dollars) in the first 11 months this year, a rise of 50
percent over the same period last year, despite huge losses in the first half,
said a senior official on Tuesday.
Chinese airline companies earned profits of 4.73 billion yuan (600 million U.S. dollars) from January to November, up 2.14 billion yuan (274 million U.S. dollars) from a year ago, said Yang Yuanyuan, director of the General Administration of Civil Aviation of China (CAAC) on Tuesday. Air China recorded the highest profit of all airline companies, with 3.97 billion yuan (509 million U.S. dollars) in the first 11 months, said Yang at the year-end work meeting of the industry. Yang said Chinese airlines would carry 160 million passengers in 2006, up 15.9 percent over last year. (For more biz stories, please visit Industry Updates) |
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