Shandong Airlines earned a CNY112.5 million ($16.4 million) net profit in the first six months of 2009, up 91.9% from the CNY58.6 million reported in the year-ago semester thanks to a recovery in domestic demand and government subsidies. Half-year operating revenue fell 3.6% to CNY2.34 billion against a 6.9% decrease in expenses to CNY18.56 billion. Passenger boardings climbed 13.5% to 3.5 million but cargo traffic fell 3% to 37,000 tons. Shandong's fleet comprises 12 737-300s, three ...

Subscribe to Access this Entire Article

"Shandong reports surging 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.