China’s Hainan Airlines reported a net profit of CNY2.49 billion ($39 million) for the first nine months of 2015, up 32% over a net income of CNY1.89 billion in the year-ago period. Operating revenue for the nine-month period decreased 4.3% to CNY26.62 billion while operating expenses fell 5.3% to CNY24.63 billion. Marker demand growth and lower fuel prices were credited as main reasons for the carrier’s profit increase. However, the Haikou-based carrier reported a profit drop ...

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