Shandong Airlines net profit up 15% in Q3

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Shandong Airlines has posted a 15% increase year on year in its third quarter net profit.

Its net profit for the quarter ended 30 September rose by 15% to CNY508 million ($81.4 million) from CNY442 million, says the carrier.

Its total operating income increased by 12.3% to CNY3.34 billion, while operating profit climbed by 10.5% to CNY642 million. The airline's total profit increased by 15.5% to CNY 678 million.

Shandong Aviation Group, a conglomerate based in Shandong city, owns 42% of the airline, while Air China has a 22.8% stake.