Hainan Airlines reported a net profit of CNY3.3 billion ($507 million) in 2017, up 6% over net income of CNY3.1 billion in 2016. The carrier cited robust market demand growth, especially in the international sector, for the increase. The Haikou-based carrier’s operating revenue jumped 47.3% to CNY60 billion while operating expenses increased 65.2% in CNY51.8 billion. Fuel costs grew 85.7% to CNY14.6 billion. Overall, passenger boardings grew 52.5% to 71.7 million, but was up 75.3% on ...

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