30-Apr-2010 9:26 AM

Hainan Airlines net profit up 693% in 1Q2010

Hainan Airlines reports (29-Apr-2010) the following financial highlights for the three months ended 31-Mar-2010, according to the Chinese accounting standards:
  • Revenue: USD684.8 million, +36.4% year-on-year, due to recovery of the aviation market and expansion of the fleet;
  • Operating costs: USD519.8 million, +30.8%;
  • Operating profit: USD39.2 million, +771%;
  • Net profit: USD37 million, +693%.
  • Based on the exchange rate: 1 CNY = 0.146478 USD