Shandong Airlines reports double digit profit declines in 2018

3 April, 2019

Shandong Airlines reported (23-Mar-2019) the following financial highlights for 2018:

Total operating revenue: CNY18,766 million (USD2840 million), +13.8% year-on-year;
Total operating costs: CNY188,609 million (USD2816 million), +16.4%;
- Aviation: CNY17,100 million (USD2588 million), +16.3%;
  - Fuel: CNY5508 million (USD833.5 million), +38.5%;
  - Take off and landing: CNY2428 million (USD367.5 million), +9.9%;
  - Labour: CNY2164 million (USD327.5 million), +7.3%;
Operating profit: CNY427.1 million (USD64.6 million), -30.9%;
Net profit: CNY347.4 million (USD52.6 million), -29.2%;
Total assets: CNY16,564 million (USD2507 million);
Cash and cash equivalents: CNY841.0 million (USD127.3 million);
Total liabilities: CNY12,093 million (USD1830 million). [more - original PR]

*Based on the average conversion rate at CNY1 = USD0.151334