Air China and Hainan Airlines have reported significant improvements in their first-quarter earnings due to robust market demand growth and lower fuel prices, according to industry analysts. Air China posted a net income of CNY1.68 billion ($274 million), up from CNY93 million in 2013. Hainan Airlines reported a first-quarter net income of CNY921.1 million, up fourfold from CNY174.6 million year-over-year. Air China’s operating revenue increased 3.4% to CNY25.26 billion while ...

Subscribe to Access this Entire Article

"Air China, Hainan Airlines post huge profits in 1Q " 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.