Analysis of the Operation of Civil Aviation Industry in China 2008
DUBLIN, Ireland--(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/c3cf77/analysis_of_the_op) has announced the addition of the "Analysis of the Operation of Civil Aviation Industry in China 2008" report to their offering. In Jan-Nov of 2007, China's aviation industry made 175.1 billion yuan of revenue, 11.3 billion yuan of profit, increased 104 per cent year-on-year. In terms of the strong demand in the domestic market and the reasonable organisation of transport capacity, the load factor and passenger load factor has been rising since 1999. Domestic air transport industry made 75.3 per cent and 66.8 per cent of passenger load factor and load factor respectively in 2007. The passenger load factor and load factor in the industry was 75.3 per cent and 66.8 per cent respectively in the first quarter of 2008, increasing 2.6 and 2.9 percentage points year on year. In the first quarter of 2008, the passenger load factor of domestic, international and regional routes was 76.9 per cent, 70.0 per cent, 65.9 per cent respectively, year on year increased by 0.6, 1.6, and 2.5 percentage points. Although the domestic aviation industry is in a higher Level of average passenger load factor, but in terms of the Beijing Olympics and the strict control of air transport capacity by China Civil Aviation Bureau, thus, there will be more space to passenger load factor. In 2007 the civil transport aircraft was 1.311 units in China, an increase of 13.1 per cent year-on-year. The annual growth rate of aircraft and passenger seat were 11.56 and 11.67 per cent between 2001 and 2007. In the first quarter of 2008, industry ATK and passenger seats increased 9.5 and 8.2 per cent respectively; the growth rate was significantly lower than the same period of 2007 was 22.5 per cent and 14.1 per cent. In terms of China's rapid economic growth and upgrading of the consumption, the civil aviation industry completed the transport turnover, passenger turnover and the cargo turnover for 36,057.44 million ton-km, 277.633 billion passenger-km and 11.47 billion ton-km respectively in 2007, increased 17.9 per cent, 17.1 per cent and 21.6 per cent year-on-year, still maintained a rapid growth momentum. However, affected by the snow disaster weather during the Spring Festival, slow down of airline capacity and the impact of airspace restriction, China domestic air transport growth has been slowed down. In the first quarter of 2008 the total growth ratio of transport turnover, passenger turnover and cargo turnover was 12.90 per cent, 12.5 per cent and 13.9 per cent respectively, which was lower 6.6 per cent, 5.4 per cent and 9.0 per cent year-on-year. But amid domestic routes was in a small speed of slowdown and international routes has a relatively large speed of slowdown. However, due to the potential demands from domestic aviation market and the Beijing Olympics, is expected that in the next few years, China's aviation industry will maintain a rapid growth. Companies Mentioned: - Air China - China Southern Airlines For more information visit http://www.researchandmarkets.com/research/c3cf77/analysis_of_the_op Research and Markets Laura Wood Senior Manager press@researchandmarkets.com Fax from USA: 646-607-1907 Fax from rest of the world: +353-1-481-1716 Copyright Business Wire 2008
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