Shanghai-based Spring Airlines posted a net profit of CNY1.3 billion ($207 million) for 2017, up 33% compared to net income of CNY950.5 million in the prior year. The carrier cited robust growth of passenger market demand and network optimization as reasons for the improvement. As the biggest LCC in China, Spring’s operating revenue rose 30% year-over-year (YOY) to CNY11 billion; domestic operating revenue soared 48% to CNY7 billion while international operating revenue rose 10% to ...

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