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 ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.