Hainan Airlines reports strong profit growth in 1H2015

Hainan Airlines revenue down 8% - financial highlights for six months ended 30-Jun-2015:

• Total operating revenue: CNY16,622 million (USD2714 million), -7.6% year-on-year;
• • Passenger: CNY15,073 million (USD2461 million), +0.5%;
  • Cargo and excess baggage: CNY497.6 million (USD81.2 million), +17.3%;
• Operating costs: CNY13,652 million (USD2229 million), -14.3%;
• Operating profit: CNY2970 million (USD484.9 million), +44.4%;
• Net profit: CNY1729 million (USD282.3 million), +259%;
• Passenger numbers: 18.5 million, +9.6%;
• Passenger load factor: 88.6%, +2.4 ppts;
• Cargo volume: 182,300 tonnes, +8.8%;
• Total assets: CNY123,300 million (USD20,129 million);
• Monetary: CNY23,749 million (USD3877 million);
• Total liabilities: CNY89,223 million (USD14,566 million). [more - original PR - Chinese]

*Based on the average conversion rate at USD1 = CNY6.1254