[photopress:ai_hairnan_air_rplane.jpg,full,alignright]Hainan Airlines, China’s fourth-largest air carrier, saw its unaudited net profit for 2007 jumped at least 300% from 2006.
In January, the airline estimated the rise in profit at 200% but that was being a tad conservative.
China’s airlines were buoyed last year by booming domestic demand for leisure and business travel, as well as the benefits of a rising yuan. Air China posted a 19% rise in second-half profit.
Hainan Airlines said details of its 2007 results would be published in its annual report, which will come out this weekend.
The airline posted a net profit of RMB181.6 million ($25.64 million) in 2006.
Source: Reuters