Juneyao Airlines reports 70% jump in net profit in 1Q

Credit: Rob Finlayson
Shanghai-based Juneyao Airlines reported a first-quarter net profit of CNY454.2 million ($70 million), up 70% over a net income of CNY266.5 million in the year-ago quarter. Operating revenue rose 30.4% year-over-year (YOY) to CNY2.55 billion while operating expenses increased 30.6% YOY to CNY1.79...

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