Hainan Airlines reported net income of CNY334.7 million ($49.1 million) for 2009, a big turnaround from a net loss of CNY1.41 billion in 2008, citing gains from the government's return of the civil aviation fund and real estate investments. Operating revenue climbed 14.7% to CNY15.55 billion while operating expenses rose 6% to 13.26 billion. Passenger boardings jumped 21.2% to 17.4 million with average load factor decreasing 0.5 point to 78%. Cargo volume increased 26.5% to 236,000 ...

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