Hainan Airlines’s 2013 half-year net profit sees increase of 29.28%

Hainan Airlines has announced its half yearly profits for the period ending 29 August.

The group’s total operating income for the half year was US$2.35 billion, up 3.83% over last year’s result. Net profit was up US$105.39 million, up 29.28% year-on-year.

Analysis has put the increase in revenue down to a continued programme of fleet acquisition this year coupled with more passengers flying with Hainan Airlines.

The carrier now has a fleet of 120 planes, 11 more than a year earlier.

During the first half year, the airline carried around 12.46 million passengers, 13.38% higher than the number carried during January-June 2013. Average passenger load factor is 84.60%, up 0.87% year on year.

Hainan Airlines has set up nine operation bases on mainland China (including Beijing, Haikou, Guangzhou, Shenzhen, Dalian, Lanzhou, Urumqi, Xi’an and Taiyuan), which has helped the carrier build a more flexible network, allowing it to make the most of its non-hub routes and avoiding costs inflicted by high-speed rail.

SOURCE: traveldailymedia.com