Shanghai-based Spring Airlines reported a net profit of CNY950.5 million ($138 million) for 2016, down 28.4% compared with the 2015 net income of CNY1.3 billion. Operating revenue rose 4.2% to CNY8.4 billion, but costs increased 13.7% to CNY7.4 billion. Industry analysts cited “rising fuel expenses and the exchange losses” and “the decrease in yields on international routes” as main reasons for the low cost carrier’s (LCC) performance. Spring’s net ...

Subscribe to Access this Entire Article

"Spring Airlines yields & profits fall; adjusts international capacity " 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? Log in here.