Spring Airlines reported a profit of CNY158 million ($23.1 million) in 2009, a sevenfold increase over the CNY20 million earned in 2008, on a 27% lift in operating revenue to CNY1.99 billion. China's most successful LCC credited "effective cost control" for the improved result. "We saved about CNY103 million in operating expenses last year," a Spring spokesperson noted. The airline's costs are about 35% below the industry average. Last year, salaries for senior management were cut by 30%. ...

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