Hainan Airlines Holding(600221)2024-11-06 09:25Financial Performance - In Q1-Q3 2024, Hainan Airlines achieved a revenue of CNY 51.729 billion, a year-on-year increase of approximately 10.68% [3] - The net profit attributable to shareholders reached CNY 2.173 billion, up 145.43% compared to the same period last year [3] - In Q3 2024, the company reported a revenue of CNY 19.986 billion, a 4.63% increase year-on-year, and a net profit of CNY 2.809 billion, growing by 12.6% [3] Passenger Traffic and Pricing - Domestic passenger traffic in Q1-Q3 2024 reached 505 million, a year-on-year increase of 13.4% [3] - In Q3 2024, domestic passenger traffic was 180 million, up 8.3% year-on-year [3] - Domestic ticket prices increased by 15% compared to 2019, with a 12% increase in Q3 2024 compared to the same period in 2019 [4] Route Expansion Strategy - The company is focusing on expanding new domestic routes from key markets such as Haikou, Chongqing, and Changsha [5] - The international route network is centered around Haikou, Chongqing, Beijing, and Shenzhen, aiming to connect with RCEP countries and major cities in Europe and North America [5] Government Subsidies and Cost Management - Increased government subsidies were noted in Q3 2024 due to the recovery of international routes and coordination with local governments [5] - The sustainability of these subsidies is uncertain and depends on government finances and overall economic trends [5] - In Q4 2024, the company anticipates a rise in non-fuel costs due to decreased production volume, but expects improvements in cost management through optimized route networks [5]