Hainan Airlines reported a 2015 net profit of CNY3 billion ($462 million) in 2015, up 16% from a net income of CNY2.59 billion in 2014. Full-year operating revenue was down 2.3% to CNY35.23 billion while operating expenses dropped 7.03% to CNY25.76 billion for the year. Passenger boardings climbed 8.4% to 38.6 million with an average load factor of 88.2%, up 1.39 points over the prior year. Cargo traffic volume rose 6.7% to 384,700 tonnes. The Haikou-based carrier took delivery of 39 new ...

Subscribe to Access this Entire Article

"Hainan Airlines reports net profit up 16% in 2015" 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.

Already registered? here.