海航控股上半年实现营收330.83亿元 自贸港红利激发业绩潜能

Core Insights - Hainan Airlines Holdings Co., Ltd. reported significant operational breakthroughs in its 2025 semi-annual report, achieving a revenue of 33.083 billion yuan, a year-on-year increase of 4.22%, and a net profit of 57 million yuan, marking its first half-year profit since the restructuring by Liaoning Fangda Group [1][2] Financial Performance - The company achieved a revenue of 33.083 billion yuan in the first half of 2025, reflecting a 4.22% increase year-on-year [1] - The net profit attributable to shareholders was 57 million yuan, indicating a turnaround from previous losses [1] Operational Highlights - Hainan Airlines capitalized on the recovery of international routes, launching 12 new international routes in the first half of 2025, covering key regions in Asia, Europe, and Oceania [1] - The company plans to increase the number of international flights by 30% by the end of the year compared to 2019 levels [1] - Revenue passenger kilometers (RPK) reached 64.481 billion kilometers, a 12.05% increase year-on-year, with international RPK growing by 68.68% [1] - The number of passengers on international routes reached 1.9415 million, a significant increase of 67.62% year-on-year [1] - Total available seat kilometers (ASK) amounted to 77.921 billion kilometers, an 11.72% year-on-year growth, with international ASK increasing by 60.09% [1] Industry Recognition - Hainan Airlines was ranked among the top 10 global airlines in the 2025 World's Best Airlines list and retained its "SKYTRAX Five-Star Airline" status for the 14th consecutive time [2] - The airline received multiple awards, including "Best Airline in China" and "Best Airline Staff Service in China" [2] Strategic Initiatives - The company is actively expanding its route network to leverage the surge in business and tourism demand driven by the Hainan Free Trade Port [2] - Hainan Airlines is developing a composite route network of "domestic express + international transfer" and has launched the "Free Trade Port Express" product to enhance its brand [2] - The company holds the largest share of flight schedules in Haikou and Sanya, positioning itself to capture and convert increased demand into profitability [2] Infrastructure Development - Hainan Airlines' subsidiary, HNA Technology, has established a composite materials processing center within its one-stop aircraft maintenance industrial base, enhancing the comprehensive support capabilities for aviation maintenance services in Hainan Free Trade Port [2] - The company’s controlled entity, Jinai Si, is the only mainland enterprise authorized by GE for Boeing 787 GEnx-1B engine maintenance, benefiting from tax incentives on aviation materials in Hainan Free Trade Port, which is expected to drive future capacity expansion and profitability [2]