Shandong Airlines reports double digit profit declines in 2018

    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).