China’s Spring Airlines earned a first-quarter net profit of CNY366.68 million ($56.7 million), up 44% over a net income of CNY254.32 million in the year-ago quarter. First-quarter operating revenue grew 3.5% to CNY2.09 billion while operating expenses increased 2% to CNY1.74 billion. The carrier didn’t reveal traffic figures. Looking forward, Spring Airlines plans to expand its fleet to 66 aircraft and transport 14.4 million passengers in 2016. But it also warns the slowdown ...

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