China’s Juneyao Airlines reported a 2018 net profit of CNY1.2 billion ($174.5 million), down 7.7% from CNY1.3 billion in 2017. This was the first time the company's profits have dipped since 2012. After deducting non-recurring gains and losses, the net profit further fell 19.1% year-over-year (YOY) to CNY943.7 million. Juneyao’s results were remarkably better than China’s “Big Three” major state-owned carriers, which all saw profits drop by more than ...

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