China’s Juneyao Airlines reported a net profit of CNY1.25 billion ($180 million) in 2016, up 19% over a net income of CNY1.05 billion in 2015. Operating revenue for the year rose 22% to CNY9.9 billion, while operating expenses increased 28% to CNY7.7 billion. The Shanghai-based carrier cited continuous market demand growth and its double-brand model with Guangzhou-based low-cost subsidiary 9 Air as main reasons for the improved performance. Juneyao operates more than 80 domestic and ...

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