Hainan Airlines 2011 profit drops 12.7% on fuel prices

Hainan Airlines 737-800. By Rob Finlayson Hainan Airlines (HU) reported a net profit of CNY2.63 billion ($415.9 million) in 2011, down 12.7% compared to CNY3.01 billion in 2010, due to high fuel prices. Operating revenue climbed 21% to CNY 26.27 billion while expenses jumped 26% to CNY19.5 million...

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