Chinese School - Aviation: Airlines to fly 16% more passengers in 2007

BIZCHINA / Biz Media Digest

Aviation: Airlines to fly 16% more passengers in 2007

(Xinhua)
Updated: 2007-06-18 15:30

China's aviation industry is expected to carry 16 percent more passengers
in 2007 as people travel more both at home and abroad, according to the
General Administration of Civil Aviation of China (CAAC).

The aviation industry will carry a total 185 million passengers this
year, the administration said in a report.

The industry will also carry 3.9 million tons of cargo in 2007, 12
percent higher from a year earlier, said the report.

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The administration says that Chinese travelers will take 1.5 billion
trips in the country using all forms of transportation, an increase of
eight percent. Foreign visitors are expected to take 129 million trips in
China using all forms of transportation, a rise of four percent over last
year.

Li Lei, an analyst with CITIC Construction, said the aviation industry
will become more profitable as more tickets are sold and China's currency
appreciates.

Profits for the whole of the aviation industry is expected to rise 40
percent to 9.5 billion yuan (US$1.2 billion) this year, while that of the
air carriers will rise 68 percent to four billion yuan (US$522.9
million), Li said.

The entire industry racked up profits of 530 million yuan in the first
quarter, compared with losses of 1.34 billion yuan a year ago, the CAAC
said in early May.

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