Beijing Capital International Airport issued profit warning for the first half of 2008.

The airport operator said the unaudited net profit of the company for the first six months of this year may decrease significantly as compared with a year ago.

The significant decrease in the net profit was mainly attributable to the implementation of the restrictions on flight throughput of the Beijing Capital International Airport by the Civil Aviation Administration of China in the first quarter of 2008; the weakening of aviation transportation demand due to the slowdown of the global economic growth; the cancellation of flights or the postponement of increase of flights by certain airlines due to the high price of jet fuel; and the substantial increase in operating costs of the company due to the commencement of operation of terminal three and related facilities of the Beijing Airport.