Shandong Airlines Co. Ltd announced that it has achieved RMB 5.86 million net profit in the first half this year, reversing a loss of nearly RMB 90 million in the same period last year.

The earnings per share rose to RMB 0.15. It gained RMB 2.43 billion operating income, representing an increase of 22.61% year-on-year, while the gross profit hit RMB 78.56 million.

The company turned from losses to profit, mainly attribute to the increased travel demand and a stronger Chinese currency.

Passenger throughout volume increased 27.2% year-on-year to 3.09 million. Cargo throughout volume was 37,800 tons, up 38% year-on-year, with a total air transportation turnover of 380 million ton-kilometers during the Jan-Jun period.

The airline operator announced earlier last months that it added 3 new routes from Jinan, in a bid to increase its market share in coastal Shandong province.