Hainan Airlines Group reports USD774m operating loss in 2018

    Hainan Airlines Group reported (30-Apr-2019) the following financial highlights for 2018:

    • Operating revenue: CNY67,764 million (USD10,255 million), +13.1% year-on-year;
      • Passenger: CNY62,375 million (USD9440 million), +13.0% year-on-year;
      • Cargo: CNY1948 million (USD294.9 million), +38.8%;
    • Operating costs: CNY75,065 million (USD11,360 million), +29.6%;
      • Fuel: CNY20,564 million (USD3112 million), +40.9%;
    • Operating profit (loss): (CNY5112 million) (USD773.6 million), compared to a profit of CNY4296 million in p-c-p;
    • Net profit (loss): (CNY3648 million) (USD552.1 million), compared to a profit of CNY3882 million in p-c-p;
    • Total assets: CNY204,735 million (USD30,983 million);
    • Monetary: CNY37,926 million (USD5740 million);
    • Total liabilities: CNY135,985 million (USD20,579 million.