Hainan Airlines H1 Net Profit Up 22.24% at 670 Million Yuan
By Joy Wong, China Aviation Daily | Aug. 31, 2011
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Hainan Airlines Company Limited, China's fourth largest carrier in terms of fleet size, said Monday its first-half net profit rose 20.24 percent to 670 million yuan from a year earlier. Yield rose to 0.16 yuan.
The carrier's revenue jumped 19.64 percent to 11.563 billion yuan compared with the same period of the previous year.
The Haikou-based airline attributed its booming revenue to continued growth in air travel demand and rise in passenger traffic.