Hainan Airlines reported first-half net income of CNY483 million ($78.5 million), down 25% over net profit of CNY647 million in the same period last year. Operating revenue increased 13% to CNY18 billion for the first six months of this year while operating expense climbed 15% to CNY14.5 billion. The Haikou-based carrier cited premium market demand decline resulting from an economic growth slowdown as the main reason for the profit decline. However, industry analysts pointed out the results ...

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