Shandong Airlines posted a net profit of CNY58.6 million ($8.6 million) in the first six months of 2008, a reversal from a CNY90 million deficit in the year-ago semester. Operating revenue rose 22.6% year-over-year to CNY2.25 billion against a 13.8% increase in expenses to CNY1.99 billion. The Jinan-based carrier credited "effective cost-savings" and "rationalization of the fleet structure" as the main contributors to the improved result. Passenger boardings jumped 27.2% to 3.1 million while ...

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