Juneyao Airlines reports double-digit profit growth in 1H2016

Juneyao Airlines revenue up 24% - financial highlights for six months ended 30-Jun-2016:

• Revenue: CNY4751 million (USD726.9 million), +23.7% year-on-year;
• Costs: CNY4002 million (USD612.3 million), +24.9%;
• Operating profit: CNY747.1 million (USD114.3 million), +16.9%;
• Net profit: CNY705.9 million), +40.5%;
• Passenger numbers: 6.3 million, +27.6%;
• • Domestic: 5.0 million, +28.4%;
  • International: 330,090, +8.7%;
  • Hong Kong, Macau and Taiwan: 71,050, -5.8%;
• Passenger load factor: 86.1%, stable;
• • Domestic: 87.0%, -0.6 ppt;
  • International: 61.1%, +0.6 ppt;
  • Hong Kong, Macau and Taiwan: 77.9%, +5.3 ppts;
• Total assets: CNY18,794 million (USD2875 million);
• Cash and cash equivalents: CNY4022 million (USD615.3 million);
• Total liabilities: CNY11,288 million (USD1727 million). [more - original PR - Chinese]

*Based on the average conversion rate at CNY1 = USD0.152997