Hainan Airlines reported a first-half net income of RMB249.9 million ($39.4 million), down 25% over the net profit of RMB417.3 million forthe year-ago period.

The Haikou-based carrier cited the slowdown of domestic market demand, high fuel prices and the slowdown of yuan appreciation as the main reasons for the results.

Operating revenue climbed 20% to RMB13.89 billion against an increase of 20.4% in operating expense to RMB10.52 billion.

Passenger boardings jumped 14.89% to 11 million with an average load factor of 83.7%, up 0.05 points over the year-ago period. Cargo traffic volume increased 4.8% to 138,500 tonnes. 
 

 
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