Shanghai-based Juneyao Airlines reported a 2017 net profit of CNY1.3 billion ($200 million), up 6.1% from CNY1.2 billion in 2016 because of robust market demand growth and yuan appreciation. Operating revenue for 2017 rose 25% to CNY12.4 billion while expenses jumped 27.4% to CNY9.9 billion, which was mainly attributed to a 49.4% increase in fuel costs to CNY2.9 billion. Passenger boardings grew 25.2% to 16.7 million with an average load factor of 87%, up 1.3 points over 2016. Passenger ...

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