China’s Juneyao Airlines saw its first-quarter 2019 profits slide 7.5% year-over-year (YOY) to CNY400.4 million ($59.6 million), as operating costs continue to increase. The Shanghai-based airline earned CNY432.6 million over the same period last year. After deducting non-recurring items, its first-quarter net profit was CNY326 million, down 20.2% YOY. However, operating income increased by 14.5% YOY from CNY3.6 billion to CNY4.1 billion. Operating costs rose 19.3% to CNY3.7 ...

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