Hainan Airlines reports 4.5% increase in net income for 2016

Hainan Airlines has posted a net income of CNY3.1 billion ($45 million) for the full year 2016, compared to CNY3 billion in 2015. Revenue rose 15.5% to CNY40.7 billion, with operating expenses up by 21.8% to CNY31.4 billion. Passenger capacity was up by 25.7% to 94.4 billion ASKs compared to a 25.2% increase in passenger revenue to 83 billion RPKs. Traffic rose 21.8% to 47 million with an average load factor of 87.8%, down 0.36 percentage points. Cargo traffic volume rose 5.9% to 407,366 tonnes.