Juneyao Airlines’ 1H net profit down 12% on higher fuel prices
Juneyao Airlines reported a 2017 first-half net profit of CNY624.9m (US$92.1m), down 12% over net income of CNY710.2m in the year-ago period because of higher fuel prices. First-half operating revenue jumped 23.4% year-over-year to CNY5.9b while operating expenses rose 33.3% to CNY4.7b. The carrier cited a jump in fuel prices to CNY1.4b, which accounted for 29.6% of total operating expenses in the first half of the year. Passenger boardings increased 26.7% YOY to 7.9m with an average load factor of 87.1%, up 1.01 points over the year-ago period. Capacity rose 23.4% YOY to 15.2b ASKs against a 24.9% increase in passenger revenue to 13.2b RPKs. Cargo traffic volume grew 23.7% YOY to 40,757 tonnes. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-09-08/unaligned/juneyao-airlines2019-1h-net-profit-down-12-on-higher-fuel-prices
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Juneyao Airlines’ 1H net profit down 12% on higher fuel prices
Juneyao Airlines reported a 2017 first-half net profit of CNY624.9m (US$92.1m), down 12% over net income of CNY710.2m in the year-ago period because of higher fuel prices. First-half operating revenue jumped 23.4% year-over-year to CNY5.9b while operating expenses rose 33.3% to CNY4.7b. The carrier cited a jump in fuel prices to CNY1.4b, which accounted for 29.6% of total operating expenses in the first half of the year. Passenger boardings increased 26.7% YOY to 7.9m with an average load factor of 87.1%, up 1.01 points over the year-ago period. Capacity rose 23.4% YOY to 15.2b ASKs against a 24.9% increase in passenger revenue to 13.2b RPKs. Cargo traffic volume grew 23.7% YOY to 40,757 tonnes. <br/>
