Hainan Airlines (HU) reported a net profit of CNY175.6 million ($27.8 million) in the first quarter, down 35.7% compared to CNY272.3 million reported in the year-ago quarter.
Hainan Airlines A330-200. By Rob Finlayson Hainan Airlines (HU) reported a net profit of CNY175.6 million ($27.8 million) in the first quarter, down 35.7% compared to CNY272.3 million reported in the year-ago quarter (ATW Daily News, April 25, 2011). Industry analysts cited the slowdown of domestic market, high fuel prices and the slowing of yuan appreciation for the results. HU’s operating revenue climbed 22.7% to CNY7.06 billion against a 27.8% increase in ...
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