Hainan Airlines reported net income of CNY273.3 million ($41.9 million) in the first quarter, up 8.2% over a CNY252.5 million profit in the year-ago period, owing to the rapid growth of Chinese domestic market demand and revenue generated by fleet expansion, according to a Shanghai Stock Exchange filing.

Operating revenue climbed 23.1% to CNY5.76 billion while operating expenses jumped 21.5% to CNY4.31 billion. The carrier didn't disclose first-quarter passenger figures. Load factor improved 1.5 points to 82.9%. Cargo traffic volume decreased 3.8% to 62,000 tonnes.

Chinese carriers are expected to continue reporting first quarter profits given that they posted collective first-quarter net income of CNY5.73 billion.

 
SOURCE: atwonline.com
 
Editorial Message 
This site contains materials from other clearly stated media sources for the purpose of discussion stimulation and content enrichment among our members only. 
whatsonsanya.com does not necessarily endorse their views or the accuracy of their content. For copyright infringement issues please contact editor@whatsonsanya.com