Shanghai-based Juneyao Airlines reported a 2015 net profit of CNY1.05 billion ($161.3 million), more than double its net income of CNY427.7 million in 2014. Operating revenue jumped 22.7% year-over-year (YOY) to CNY8.16 billion while operating expense rose 11.7% YOY to CNY6 billion. The carrier credited “fleet expansion” and “robust growth of market demand” for the much improved performance. Passenger boardings increased by 29.7% YOY to 10.6 million with ...

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