China’s Spring Airlines has estimated its 2017 net profit will increase 33% to CNY1.3 billion ($193 million) as a result of the LCC’s network optimization and revenue management, according to a preliminary earnings estimate released by the Shanghai Stock Exchange. Operating revenue is projected to have jumped 30.2% to CNY11 billion. The Shanghai-based carrier, which did not disclose operating expenses, said the figures were unaudited. Passenger boardings grew 20.7% to 17.2 ...

Subscribe to Access this Entire Article

"Spring Airlines expects network, revenue management to lift 2017 profits" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.