Juneyao Airlines reports 70% jump in net profit in Q1
Juneyao Airlines reported a Q1 net profit of CNY454.2m (US$70m), up 70% over a net income of CNY266.5m in the year-ago quarter. Operating revenue rose 30.4% to CNY255.2m while operating expenses increased 30.6% to CNY179.2m. The carrier credited the “robust growth of market demand” as the main reason for the much-improved financial performance. Industry analysts also cited lower fuel prices and Shanghai’s high growth rate as more reasons for the carrier’s performance. Juneyao took up 8.65 share of Shanghai market in terms of passenger boardings. The carrier did not reveal traffic figures. For 2015, Juneyao reported a net profit of CNY1.05b ($161.3m), more than double its net income of CNY427.7m in 2014. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-04-26/unaligned/juneyao-airlines-reports-70-jump-in-net-profit-in-q1
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Juneyao Airlines reports 70% jump in net profit in Q1
Juneyao Airlines reported a Q1 net profit of CNY454.2m (US$70m), up 70% over a net income of CNY266.5m in the year-ago quarter. Operating revenue rose 30.4% to CNY255.2m while operating expenses increased 30.6% to CNY179.2m. The carrier credited the “robust growth of market demand” as the main reason for the much-improved financial performance. Industry analysts also cited lower fuel prices and Shanghai’s high growth rate as more reasons for the carrier’s performance. Juneyao took up 8.65 share of Shanghai market in terms of passenger boardings. The carrier did not reveal traffic figures. For 2015, Juneyao reported a net profit of CNY1.05b ($161.3m), more than double its net income of CNY427.7m in 2014. <br/>
