HNA Group, parent of Hainan Airlines and several other carriers, reported net profit of CNY51.2 million ($6.6 million) in the first quarter, a more than fourfold improvement over earnings of CNY12.1 million in the year-ago quarter. Operating revenue rose 20.6% to CNY3.45 billion against a 21.5% lift in costs to CNY2.72 billion. The company attributed the good results to "tightening cost control" and "fleet expansion," pointing out China's air transport market upturn also boosted its traffic ...

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