Spring Airlines reported a net profit of CNY884.2 million ($144 million) in 2014, up 20.8% over a net income of CNY732.2 million in 2013. Full-year operating revenue jumped 11.6% to CNY7.32 billion while operating expenses rose 9.3% to CNY6.24 billion. The Shanghai-based low-cost carrier credited lower fuel prices and domestic market growth as the main reason for the improved performance. Passenger boardings increased 8.5% to 11.5 million with an average load factor of 93%. Spring, which ...

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