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Air carriers fly to big recovery
By Winny Wang |
December 14, 2009, Monday
|
Online Edition
Online Edition
CHINA'S aviation industry earned 11.8 billion yuan (US$1.72 billion) in profit in the first 11 months of this year, bolstered by record flights and passengers.
It's a big improvement for airlines after the industry reported a record 28 billion yuan loss last year, according to the Civil Aviation Administration of China.
Domestic carriers flew 211.48 million passengers through November, a rise of 19.6 percent from a year earlier, breaking the 200 million barrier for the first time, the aviation regulator said on its Website today.
Cargo volume rose 5.7 percent on a yearly basis to 3.98 million tons in the 11 months. International cargo volume gained 0.2 percent in the first 11 months, compared with a 3.7 percent decrease through October, according to the administration.
The administration attributed the faster growth to the low base a year earlier, the recovering global economy, China's accelerated industrial output and growing exports.
It's a big improvement for airlines after the industry reported a record 28 billion yuan loss last year, according to the Civil Aviation Administration of China.
Domestic carriers flew 211.48 million passengers through November, a rise of 19.6 percent from a year earlier, breaking the 200 million barrier for the first time, the aviation regulator said on its Website today.
Cargo volume rose 5.7 percent on a yearly basis to 3.98 million tons in the 11 months. International cargo volume gained 0.2 percent in the first 11 months, compared with a 3.7 percent decrease through October, according to the administration.
The administration attributed the faster growth to the low base a year earlier, the recovering global economy, China's accelerated industrial output and growing exports.
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