Hainan Airlines (HU) reported a net profit of CNY2.63 billion ($415.9 million) in 2011, down 12.7% compared to CNY3.01 billion in 2010, due to high fuel prices.
Hainan Airlines 737-800. By Rob Finlayson Hainan Airlines (HU) reported a net profit of CNY2.63 billion ($415.9 million) in 2011, down 12.7% compared to CNY3.01 billion in 2010, due to high fuel prices. Operating revenue climbed 21% to CNY 26.27 billion while expenses jumped 26% to CNY19.5 million. Passenger boardings rose 9.98% to 20.49 million with an average load factor of 84.2%, up 3.01 points over the prior year. Cargo traffic volume grew 3.36% to 292,000 tonnes. In 2011, ...
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