Hainan Airlines posted a CNY189.71 million ($25.18 million) net profit in the first half of 2007, a better-than-eightfold increase over CNY20.8 million earned in the year-ago period, on a 13.1% lift in operating revenues to CNY6.53 billion. HNA credited the strong performance to improvements in operating efficiency and "reinforcement of its branding value," while industry analysts also cited "bullish domestic market demands" and appreciation of the yuan. Operating expenses rose 16.14% to ...

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