Shanghai-based Juneyao Airlines reported a third-quarter net profit of CNY554.3 million ($83.1 million), up 22% compared to a net income of CNY454.5 million in the year-ago quarter. Third-quarter operating revenue grew 24.4% to CNY3 billion while operating expenses were up 26.7% to CNY2.4 billion. The carrier cited business scale expansion, stable growth of market demand and increased operating revenue as the main reasons for the much-improved performance. For the January-October period, ...

Subscribe to Access this Entire Article

"Juneyao Airlines’ net profit up 22% in 3Q" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.