Shandong Airlines reported net income of CNY302.3 million ($44.2 million) in 2009, nearly quadrupling its prior-year earnings of CNY81 million. Operating revenue rose 6.3% to CNY5.37 billion and expenses were up just 2.6% to CNY5.1 billion. The carrier said "cost savings" and "improvement of efficiency" were key to the improved result. It is noteworthy that the Jinan-based airline's operating revenue on international routes plummeted 18.3% to CNY144 million while revenue from domestic ...

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