China’s Spring Airlines earned a first-quarter net profit of CNY366.68 million ($56.7 million), up 44% over a net income of CNY254.32 million in the year-ago quarter. First-quarter operating revenue grew 3.5% to CNY2.09 billion while operating expenses increased 2% to CNY1.74 billion. The carrier didn’t reveal traffic figures. Looking forward, Spring Airlines plans to expand its fleet to 66 aircraft and transport 14.4 million passengers in 2016. But it also warns the slowdown ...

Subscribe to Access this Entire Article

"Spring Airlines posts net profit in 1Q" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.