China’s Hainan Airlines (HNA) reported a net income of CNY3.1 billion ($446 million) for 2016, up 3.3% over a net profit of CNY3 billion in 2015. The carrier cited continuous domestic market demand growth and rapid international expansion as main reasons for the profit increase. Operating revenue for the year jumped 15.5% to CNY40.7 billion, while operating expenses were up 21.9% to CNY31.4 billion. Last year, the Haikou-based carrier opened 42 international routes, comprising ...

Subscribe to Access this Entire Article

"Hainan Airlines reports 2016 net income up 4.5% " 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?

Already registered? here.