Juneyao Air 2018 Profits Slides 7% to $175 million

Credit: Rob Finlayson
SINGAPORE—China’s Juneyao Air reported a net profit of CNY1.2 billion ($174.5 million) in 2018, down 7% year-on-year (YOY), the first time its profits dipped since 2012. In 2017, the carrier earned CNY1.3 billion. After deducting non-recurring gains and losses, the net profit shrank further by 19.1%...

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