China’s Hainan Airlines has reported a first-half net profit of CNY1.67 billion ($227 million), up 4.4% over a net income of CNY1.6 billion in the year-ago period. First-half operating revenue jumped 14.3% year-over-year to CNY19 billion while operating expenses climbed 14.2% to CNY14 billion. Industry analysts credited market demand growth and lower fuel prices as the main reasons for the improved performance. Passenger boardings rose 20.4% to 22.32 million in the year’s ...

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