Hainan Airlines

China's Hainan Airlines higher passenger and cargo volumes help it double profits in the first half of 2006.

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China's Hainan Airlines higher passenger and cargo volumes helped it double profits in the first half of 2006, despite rising fuel costs.

The carrier saw net profit double in the first half of the year to US$2.6 million. Revenue rose 26%, it said last month.

During this period, passenger volume increased nearly 16%, mail volume rose almost 21% and total cargo volume climbed 20%, Hainan Airlines said.

But it cautioned that jet fuel prices had risen 14.4% by the end of June, compared with the beginning of the year, adding that the increased cost had clipped profitability.

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