Air Macau suffers RMB15 million in losses in H1

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Local airline company Air Macau registered losses of RMB15 million (MOP18 million) in the first six months of this year, an improvement from the RMB38 million in losses posted in the same period last year, according to Portuguese newspaper Tribuna de Macau.
The information was revealed by Air China – the Chinese state-owned airline that owns 66.9 per cent of Air Macau – through an interim report for the first six months of this year that the newspaper had access to.
Despite the losses, revenue from the airline increased 6.4 per cent yearly to RMB1.37 million, with the air transport segment rising 7.1 per cent year-on-year to RMB1.36 million.
The passenger volume of the company in the first half of the year also decreased by around 5.5 per cent to around 1.3 million passengers, representing a loss of some 75,000 passengers in one year.
The average rate of occupation for Air Macau flights reached 71.96 per cent in the first six months of the year, a dip of 0.62 percentage points yearly.
In 2016, despite also registering losses in the first half of the year, the local airline still managed to achieve RMB24 million in profit by year-end.