Juneyao Airlines reported a 2017 first-half net profit of CNY624.9 million ($92.1 million), down 12% over net income of CNY710.2 million in the year-ago period because of higher fuel prices. First-half operating revenue jumped 23.4% year-over-year (YOY) to CNY5.9 billion while operating expenses rose 33.3% to CNY4.7 billion. The Shanghai-based carrier cited a jump in fuel prices to CNY1.4 billion, which accounted for 29.6% of total operating expenses in the first half of the ...

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