Spring Airlines expects to report a CNY120 million ($17.5 million) net profit for 2009, a sixfold increase from the CNY20 million earned last year, according to the Chairman Wang Zhenghua. The Shanghai Hongqiao-based LCC was CNY140 million in the black through September owing to rapid growth in the domestic market, "but the fourth quarter is the traditional low season, so it's not surprising that we are suffering from a daily loss of CNY600,000 this month," Wang noted. Spring is planning a ...

Subscribe to Access this Entire Article

"Spring plans sixfold increase in full-year 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.