Shanghai Airline flies into black on traffic rise

Article Date : 25 August 2008

Shanghai Airlines flew into the black in the first half of this year on rising traffic and a government subsidy. Its net income was RMB23.41 million ($3.41 million), or RMB0.022 a share, in the six months against a loss of RMB134.51 million a year earlier. Its revenue grew 26% to RMB7.03 billion. It attributed the growth to...

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Article provided by China Economic Review.
Read the full article here: http://www.chinaeconomicreview.com/airtravel/2008/08/26/shanghai-airline-flies-into-black-on-traffic-rise.html

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Shanghai Airline flies into black on traffic rise

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