Shandong sees full-year earnings soar

Shandong Airlines reported net income of CNY302.3 million ($44.2 million) in 2009, nearly quadrupling its prior-year earnings of CNY81 million. Operating revenue rose 6.3% to CNY5.37 billion and expenses were up just 2.6% to CNY5.1 billion. The carrier said "cost savings" and "improvement of...

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