China’s Spring Airlines reported a 2017 third-quarter net profit of CNY634 million ($95 million), up 48% compared to a CNY430 million net income in the year-ago quarter. The results were attributed to robust market demand growth. Third-quarter operating revenue rose 30% to CNY3.4 billion while operating expenses increased 27% to CNY2.5 billion. For the first nine months of 2017, the Shanghai-based LCC posted a 1.7% growth in net income of CNY1.2 billion. Operating revenue for the ...

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