China’s Hainan Airlines reported a third-quarter net profit of CNY1.7 billion ($251 million), nearly doubled from a net income of CNY887.3 million in the year-ago quarter. Operating revenue climbed 18.1% to CNY11.8 billion against a 5.3% increase in operating expenses to CNY9.9 billion. Industry analysts cited continuous market demand growth and lower fuel prices as the main reasons for the Haikou-based carrier’s much-improved performance. China’s big three carriers also ...

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