Spring Airlines is expecting 2008 earnings to fall short of the CNY70 million ($10.2 million) profit reported last year owing to the difficult operating environment. Speaking to China Business News, Spring Chairman Wang Zhenghua said the LCC posted "a little" profit in the first half. He said fuel costs have jumped to 50% of Spring's total expenses, up from 30%-40%. "In addition, labor costs are rising," he said. The airline also is feeling the pressure of declining domestic demand, which ...

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