Hainan Airlines 3Q net income down 40% on rising costs
Credit: Rob Finlayson
China’s Hainan Airlines Group posted net income of CNY108.4 million ($15.4 million) in the third quarter, down 40% from 3Q 2018, as costs outpaced operating revenue but were offset by other income. Operating revenue rose 10.4% year-over year (YOY) to CNY21.4 billion, while costs increased 10.8% to...
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