Robust demand, yuan appreciation lift Juneyao’s 2017 net profit
Shanghai-based Juneyao Airlines reported a 2017 net profit of CNY1.3b, up 6.1% from CNY1.2bi in 2016 because of robust market demand growth and yuan appreciation. Operating revenue for 2017 rose 25% to CNY12.4b while expenses jumped 27.4% to CNY9.9b, which was mainly attributed to a 49.4% increase in fuel costs to CNY2.9b. Passenger boardings grew 25.2% to 16.7m with an average load factor of 87%, up 1.3 points over 2016. Passenger capacity increased 22.3% to 31.5b ASKs against a 24.1% rise in revenue to 27.4 RPKs. Cargo traffic volume rose 14.3% to 85,916 tonnes. As of Dec. 31, 2017, Juneyao operated a single fleet of 67 Airbus A320 family aircraft on more than 90 domestic and international routes—at least 40 services originated from its Nanjing supplementary operating base.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-04-19/unaligned/robust-demand-yuan-appreciation-lift-juneyao2019s-2017-net-profit
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Robust demand, yuan appreciation lift Juneyao’s 2017 net profit
Shanghai-based Juneyao Airlines reported a 2017 net profit of CNY1.3b, up 6.1% from CNY1.2bi in 2016 because of robust market demand growth and yuan appreciation. Operating revenue for 2017 rose 25% to CNY12.4b while expenses jumped 27.4% to CNY9.9b, which was mainly attributed to a 49.4% increase in fuel costs to CNY2.9b. Passenger boardings grew 25.2% to 16.7m with an average load factor of 87%, up 1.3 points over 2016. Passenger capacity increased 22.3% to 31.5b ASKs against a 24.1% rise in revenue to 27.4 RPKs. Cargo traffic volume rose 14.3% to 85,916 tonnes. As of Dec. 31, 2017, Juneyao operated a single fleet of 67 Airbus A320 family aircraft on more than 90 domestic and international routes—at least 40 services originated from its Nanjing supplementary operating base.<br/>
