China’s Hainan Airlines (HNA) reported a net income of CNY3.1 billion ($446 million) for 2016, up 3.3% over a net profit of CNY3 billion in 2015. The carrier cited continuous domestic market demand growth and rapid international expansion as main reasons for the profit increase. Operating revenue for the year jumped 15.5% to CNY40.7 billion, while operating expenses were up 21.9% to CNY31.4 billion. Last year, the Haikou-based carrier opened 42 international routes, comprising ...

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