Spring Airlines A320. Shanghai-based Spring Airlines reported net income of CNY470 million ($71 million) in 2010, nearly tripling its 2009 net profit of CNY158 million. Spring Chairman Wang Zhenghua credited the "continuous growth of domestic market demand, especially boosted by the Shanghai World Expo," for the improved result. The carrier didn't reveal traffic figures. Wang said he expects 2011 will not be as strong a year. "This year the growth of market demand ...

Subscribe to Access this Entire Article

"Spring Airlines nearly triples 2010 profit" 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.