Hainan Airlines Holding reported a net profit of CNY729 million ($106 million) for the first nine months, a 73.6% decline compared to the year-ago period. Revenue for China’s largest private airline group was up 15.9% to CNY52.3 billion year-over-year (YOY), while operating profit was down 73.6% to CNY916 million. Operating costs of CNY53.5 billion and a weakened Chinese yuan against the US dollar contributed to the decline, the company said. Flagship carrier Hainan ...

Subscribe to Access this Entire Article

"Hainan Airlines 9-month net profit down more than 70%" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.