Hainan Airlines reported a first-half net profit of CNY1.6 billion ($261 million), more than tripled from a net income of CNY482.6 million in the year-ago half. Operating revenue dropped 7.6% to CNY16.62 billion while expenses fell 14.6% to CNY15.22 billion. The Haikou-based carrier cited fleet expansion, robust market demand growth and lower fuel prices for the much-improved performance. First-half passenger boardings climbed 9.57% to 18.54 million with an average load factor of 88.59%, ...

Subscribe to Access this Entire Article

"Hainan Airlines more than triples net profit in 1H " 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.