Shanghai-based Spring Airlines posted a record net profit of CNY70 million ($9.8 million) in 2007, more than double the previous year's result. Operating revenue rose to CNY1.23 billion, but industry analysts credited effective cost control for the profit result. According to CAAC statistics, Spring's operating expenses were 18% lower than the domestic average. The carrier is one of the few profitable Chinese LCCs and operates a single fleet type (A320) with an all-economy cabin ...

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