First-quarter profits soar at HNA Group

HNA Group, parent of Hainan Airlines and several other carriers, reported net profit of CNY51.2 million ($6.6 million) in the first quarter, a more than fourfold improvement over earnings of CNY12.1 million in the year-ago quarter. Operating revenue rose 20.6% to CNY3.45 billion against a 21.5% lift...

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