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Spring Airlines quadruples first-half profit
Spring Airlines reported a half-year net profit of CNY160 million ($23.6 million), a fourfold year-over-year improvement, allowing the Shanghai-based carrier to maintain a profit streak that goes back five years.
Spring credited “robust growth of the domestic market” stimulated by the Chinese Spring Festival in February and the Shanghai World Expo for the result, a spokesperson told ATW. Operating revenue climbed 64.4% to CNY1.47 billion.