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 ...

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