China’s Hainan Airlines reported a net profit of CNY2.49 billion ($39 million) for the first nine months of 2015, up 32% over a net income of CNY1.89 billion in the year-ago period. Operating revenue for the nine-month period decreased 4.3% to CNY26.62 billion while operating expenses fell 5.3% to CNY24.63 billion. Marker demand growth and lower fuel prices were credited as main reasons for the carrier’s profit increase. However, the Haikou-based carrier reported a profit drop ...

Subscribe to Access this Entire Article

"Hainan Airlines’ 9-month profit climbs 32%" 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.