Hainan Airlines earned net income of CNY3.01 billion ($458 million) in 2010, a big reversal from a net loss of CNY1.41 billion in 2009.
Hainan Airlines 737-800. Photo: By Rob Finlayson. Hainan Airlines earned net income of CNY3.01 billion ($458 million) in 2010, a big reversal from a net loss of CNY1.41 billion in 2009. Operating revenue climbed 39.6% compared to 2009 to CNY21.71 billion while operating expenses increased 16.9% to CNY15.49 billion. The carrier said the improved result was driven by "strong market demand," particularly in the domestic market. Passenger boardings for the full year rose ...
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