The industry lost $84.3 billion last year, but these airlines and airports made money
According to the latest research report on the operating conditions of profitable Civil Aviation Enterprises in 2021 released by the Comprehensive Department of the Civil Aviation Administration of China (CAAC), the industry suffered a loss of 84.3 billion yuan in 2021.However, the report also revealed that despite the general business difficulties of civil aviation enterprises, except for the three major aviation security enterprises, there are still 30 airports and 5 airlines to achieve profit, or even achieve growth against the trend.The five profitable airlines mentioned in the report are SF Airlines, Yto Airlines, Post Air, Colorful Guizhou Airlines and Jiuyuan Airlines, the first three of which are cargo airlines.Before this, colorful Guizhou Airlines has officially announced that it will make money in 2021, and Xiamen Airlines announced profit earlier.And in the Spring Festival before the disclosure of listed airline performance forecast, *ST HNA and Spring Airlines airlines two airlines also forecast to return to the mother of net profit.The 30 profitable airports mentioned in the report are:Xiamen, sanya, haikou, fuzhou, guiyang, chaoyang, zunyi, xinzhou, anqing, chifeng, zhanjiang, hulun buir, zhalantun, bilateral, wuxi, huizhou, mianyang, enshi, HuaTuGou, wuzhou, taizhou, yulin, tgo, yinchuan deal, la shan, yibin, region, yichang, jining, shangrao, beihai airport..The common characteristics of the 30 profitable airports are as follows: “There are more old ones and fewer new ones”. 17 of them, accounting for 56.7% of the total number of profitable airports, have invested more than 20 years in construction.There are two airports between 10 years and 20 years, accounting for 6.7% of the total number of profitable airports;11 are under 10 years old, accounting for 36.6% of the total number of profitable airports;There are 5 airports of 10 million level, accounting for 16.7% of the total number of profitable airports; 1 airport of 5-10 million level, accounting for 3.3% of the total number of profitable airports; 7 small and medium-sized airports of less than 2-5 million, accounting for 23.3% of the total number of profitable airports; 17 airports of less than 2 million (10 airports of less than 1 million).Accounting for 56.7% of all profitable airports.According to the report, although the 35 different basis, different nature, different enterprise scale, directly determines the profit also is not the same, but in the face of the impact of the epidemic, their management ideas and management mechanism are show a high degree of flexibility, due to the circumstances, improve the occasion, adjust measures to local conditions, to resolve to minimum the influence of epidemic;Second, from the perspective of operation and management methods, although the measures taken by these 35 enterprises are almost the same with minor differences, which are nothing more than increasing source of income and reducing expenditure, reducing cost and increasing efficiency, their measures are more precise and their practices are more precise, so the effects are more obvious, and their “details” show distinct characteristics.It is worth noting that in the epidemic, airlines that adhere to low-cost positioning have prominent risk resistance advantages.Previously, aviation travel circle has also written a detailed explanation of spring Airlines profit, review can be: the third quarter of the only profitable airline, spring and autumn rely on what?In yesterday’s online sharing meeting organized by the Civil Aviation Administration of China (CAAC) on the operation and management passwords of civil aviation enterprises under the epidemic, the management of Jiuyuan Airlines also shared its experience on how to improve management efficiency, ensure cost advantages and cope with market changes during the epidemic.At the same time, almost all profitable enterprises have enjoyed the national preferential policies, mainly involving financial support, tax reduction and exemption, financial credit, etc. Local governments have also increased support in operation subsidies, airline subsidies and other aspects.At the same time, civil aviation enterprises are also actively striving for various supportive policies.For example, Spring Airlines pointed out in the performance forecast that the non-recurrent gains and losses in 2021 are mainly the receipt of financial subsidies, etc. After deducting the non-recurrent gains and losses, the company’s non-net profit is a loss of 0.7 billion yuan to 130 million yuan.*ST HNA’s profit is mainly due to the completion of bankruptcy restructuring brought 16 billion yuan to 17.6 billion yuan of non-recurrent gains and losses, deducting this part of the net profit is still a loss of 8.8 billion yuan to 10.5 billion yuan.The report also revealed that by the end of November 2021, the debt-to-asset ratio of Chinese airlines had reached 81.9%, 11.7 percentage points higher than before the epidemic, and the debt-to-asset ratio of seven airlines had exceeded 100%.The airport’s asset-liability ratio was 44.1 percent, 8.2 percentage points higher than before the epidemic, an important reason for the widespread loss of civil aviation companies.Just before the Spring Festival holiday, Mountain Airlines announced that it expects net assets of -1.023 billion yuan to -837 million yuan at the end of 2021, which means it is one of the seven insolvent airlines mentioned in the report.So the other six insolvent airlines, who do you think they are?