Hainan Airlines posted net income of CNY175 million ($25.6 million) in the first half based on domestic accounting standards, down 43.7% from the CNY311 million reported in the year-ago period, on a 3.5% decrease in operating revenue to CNY6.12 billion. Half-year operating expenses fell 5.5% to CNY5.15 billion. It is noteworthy that the carrier reported only a CNY9.2 million profit excluding government subsidies, down 96.8% from the comparable figure last year. It attributed the fall to the ...

Subscribe to Access this Entire Article

"Hainan Airlines reports $25.6 million first-half profit" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.