Hainan Airlines Group operating profit up 55% in 1Q2016

Hainan Airlines Group revenue up 11% - financial highlights for three months ended 31-Mar-2016:

• Total operating revenue: CNY10,083 million (USD1542 million), +10.5% year-on-year;
• Total operating costs: CNY8337 million (USD1275 million), +4.0%;
• Operating profit: CNY1936 million (USD296.0 million), +54.7%;
• Net profit: CNY1565 million (USD239.3 million), +53.7%;
• Total assets: CNY130,318 million (USD19,926 million);
• Monetary: CNY22,664 million (USD3465 million);
• Total liabilities: CNY87,800 million (USD13,425 million). [more - original PR - Chinese]

*Based on the average conversion rate at CNY1 = USD0.1529