Shanghai-based Juneyao Airlines is targeting CNY50 million ($7.3 million) in net earnings this year, a result that would dwarf the CNY11.5 million profit reported in 2008, according to Chairman Wang Junjin. The carrier was profitable last year despite the difficult external operating environment and declining market demand (ATWOnline, Feb. 3). It is noteworthy that Juneyao, launched in June 2005, was profitable in 2007 as well and has attracted high-end customers successfully although it ...

Subscribe to Access this Entire Article

"Growing Juneyao aims to increase 2009 profit nearly fivefold" 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.