China LCC Spring Airlines reported a 2019 first-quarter net profit of CNY474.5 million ($69 million), up 23.1% compared to CNY385.5 million in the year-ago quarter. After reducing non-recurring items, profits rose 18.1% year-over-year (YOY) to CNY460 million. The privately owned carrier posted a 12.7% YOY increase in operating revenue to CNY3.6 billion; operating costs grew 10.2% YOY from CNY2.7 billion to CNY3 billion. Spring Airlines was the only major Chinese carrier in 2018 that saw ...

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