Chinese LCC Spring Airlines overcame higher fuel costs and a weakened currency to post a 2018 net profit of CNY1.5 billion ($218.1 million), up 19.1% from CNY1.26 billion in 2017. Total operating income increased 19.4% year-over-year (YOY) to CNY13.1 billion, while operating costs climbed 22.9% to CNY11.8 billion, with fuel accounting for 33.8% of the total. Excluding fuel, however, costs decreased 1.3% as the result of “improvements in major cost items,” the carrier ...

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