Shanghai-based Spring Airlines posted a third-quarter net profit of CNY429.5 million ($64.4 million), down 26.3% over a net income of CNY582.8 million in the year-ago quarter. Third-quarter operating revenue increased 9.7% to CNY2.6 billion while operating expenses grew 20.6% year-over-year (YOY) to CNY2.2 billion in the quarter. Industry analysts cited a decline in passenger load factors—especially on international routes—because of Thailand market fluctuations, fierce ...

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