Shanghai-based LCC Spring Airlines reported a net profit of CNY554 million ($81.7 million) in the 2017 first half, down 25.2% over net profit of CNY740.1 million in the year-ago half because of a sharp increase of operating costs. Operating expenses jumped 41% to CNY5 billion while operating revenue was up 28.1% to CNY5.1 billion. Ancillary revenue grew 23.6% to CNY409 million. Passenger boardings increased 26.8% to 8.32 million with an average load factor of 91.8%, down 1.15 points over ...

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