Shandong Airlines hits first half profit target
Shandong Airlines reported a net profit of USD8.6 million for the six months ended 30-Jun-08 – slightly above the USD8.0 million predicted by the carrier on 15-Jul-08. Unlike its larger rivals, Shandong Airlines was able to grow its operating profits in the half, including a USD2.2 million operating profit in the challenging second quarter, despite a slowdown in revenue in the second quarter (following a 31.8% increase in 1Q08).
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.