HOME   NEWS   SPECIAL REPORT   PHOTO   COMMENTARY   VOICE   LEARNING CHINESE
NEWS > Business
Leading Chinese carrier sees doubled net profits in first half
2007-09-01 21:16:52 Xinhua English

BEIJING, Sept. 2 (Xinhua) -- China Eastern Airlines, a leading air carrier in the country, realized 58.21 million yuan (7.7 million U.S. dollars) in net profits in the first half of this year, up 104.36 percent over the same period of last year, according to the company's interim report.

China Eastern's revenue for the six months amounted to 18.8 billion yuan, up 14.23 percent.

Zhang Wenyou, assistant to the company's general manager, attributed the impressive performance to effective marketing, improved management and stricter cost control.

The Shanghai-listed company achieved a record daily aircraft utility ratio of 9.8 hours in the January-June period, which contributed significantly to cost reduction and profit growth.

Meanwhile, the company cut oil consumption by 2.6 percent on average, the interim report said.

MORE NEWS
Xiamen Airlines, Boeing confirm 25 planes order  
Top 500 Enterprises 2007 take up 84% of China's GDP  
China mulls regulations on royalties for music used by TV, radio stations  
Baidu searches for Japan riches  
Tibet's third civil airport transports 50,000 passengers in first year  
Civil aviation industry 'developing too fast'  
Customs step up action on IPR breaches  
Civil aviation industry 'developing too fast'  

SINA English is the English-language destination for news and information about China. Find general information on life, culture and travel in China through our news and special reportsˇAor find business partners through our online Business Directory. For investment opportunities with SINA, please click the link "Investor" below.
| About SINA | Investor | Media Kit | Comments or Question? |
Copyright © 1996-SINA Corporation, All Rights Reserved