09-Sep-2008 12:04 PM
Hainan Airlines shrinks but profitable in first half - is China slump over?
Analysis
Hainan Airlines Co Ltd reported stronger operating and net profits in the six months ended 30-Jun-08, aided (like all Chinese airlines) by a USD66.2 million foreign currency gain (+126% year-on-year). Hainan Airlines produced the best operating margin of the listed Chinese airlines in the first half of 2008.
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