Hainan Airlines reported a net profit of CNY1.2 billion ($17 million) for the 2017 first half, down 31% over net income of CNY1.7 billion for the same period last year. According to a filing by the Shanghai Stock Exchange, Hainan’s subsidiary Tianjin Airlines saw a 42% profit decline to CNY84 million after operating expenses jumped 70.5% to CNY12 billion in the first quarter. In February, Hainan Airlines completed the acquisition of a 48.2% stake in Tianjin Airlines, making Hainan ...

Subscribe to Access this Entire Article

"Hainan Airlines sees 1H profit drop on poor subsidiary performance " 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.