Juneyao Airlines Posts 122.5% Net Profit Growth in Jan.-Sep.

Shanghai Juneyao Airlines (HO) said on Saturday its operating revenue jumped 22.98 percent from a year earlier in the first nine months thanks to lower fuel price and robust travel demand.

Juneyao Airlines made 6.26 billion yuan in January-September, in line with its own forecast. Net profit attributable to shareholders surged 122.51% to 0.97 billion yuan in the first three quarters ended Sep. 30, the carrier said in its nine-month result. Basic earnings per share stood at 1.83 yuan,

The Shanghai-based airline credited cheaper fuel, lifted operation capacity and robust market demand as the main reasons for the improved performance.