Hainan Airlines’ net profit drops 26.7% in 2012

Hainan Airlines reported a 2012 net profit of CNY1.93 billion ($305.6 million), down 26.7% compared to CNY2.63 billion in 2011. Operating revenue jumped 9.9% to CNY28.87 billion while operating expense climbed 10.6% to CNY 21.56 billion. The Haikou-based carrier cited high fuel prices, the slowdown...

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