China’s Juneyao Airlines reported a 2016 first-half net profit of CNY710.2 million ($107 million), up 37% compared to a net income of CNY517.7 million in the year-ago half. Operating revenue jumped 23.7% to CNY4.75 billion while operating expenses climbed 28% to CNY3.56 billion. The Shanghai-based carrier credited continuous market demand growth and lower fuel prices as the main reasons for the improved financial performance. Passenger boardings in the first half increased ...

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