Chinese airlines dominate top rankings by net profits

IN the latest world airline rankings by Airline Business, three carriers from mainland China are listed in the top ten airline groups by net profits in 2011. Air China ranked second with a net profit of US$1,095 million, China Southern Airlines third (US$944 million) and China Eastern Airlines ninth (US$689 million). Cathay Pacific Airways, based in Hong Kong, ranked eighth (US$729 million).

An interesting point of note is that these airlines were outside the top ten positions in last year’s rankings: Air China ranked 12th, China Southern 14th, China Eastern 16th and Cathay Pacific 17th. One may quickly point out that while the rest of the world, particularly Europe and North America, suffer the fallout of the global economy, it is Asia that manages best at keeping its nose above the water.

 

 

Courtesy of Airline Business, these are the airlines in the top ten rankings:

  1. Japan Airlines Group, net profits US$2,366 million (previously 11th)
  2. Air China, US$1,095 million (12th)
  3. China Southern Airlines Group, US$944 million (14th)
  4. Delta Airlines, US$854 million (3rd)
  5. United Continental Holdings, US$840 million (2nd)
  6. International Airlines Group, US$776 (7th)
  7. Ryanair, US$774 million (28th)
  8. Cathay Pacific Group, US$729 million (17th)
  9. China Eastern Airlines, US$689 million (16th)
  10. Aeroflot Russian Airlines, US$526 million (32nd)
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About David Leo
David Leo has more than 30 years of aviation experience, having served in senior management in one of the world's best airlines and airports. He continues to maintain a keen interest in the business, writes freelance and provides consultancy services in the field.

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