Hainan Airlines’ 1Q net profit dips 35.7%

Hainan Airlines A330-200. By Rob Finlayson Hainan Airlines (HU) reported a net profit of CNY175.6 million ($27.8 million) in the first quarter, down 35.7% compared to CNY272.3 million reported in the year-ago quarter ( ATW Daily News, April 25, 2011 ). Industry analysts cited the slowdown of...

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