Spring Airlines half-year profit surges
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Spring Airlines, China’s largest low-cost carrier, saw a sharp rise in profits in the first half of 2015.
The Shanghai-based carrier posted a net profit of CNY620 million (US$96.7m) for the six months to 30 June 2015, up 129% over the same period last year.
Like other Chinese airlines, Spring attributed the result to rising passenger traffic and falling fuel costs. In addition, the carrier generated record ancillary revenues from services including in-flight meals, insurance sales, seat selection and excess baggage fees.
Spring Airlines carried 6.3m passengers in the first six months of the year, with a high average load factor of 93.8%. The airline also expanded its fleet size to 50 Airbus A320 aircraft during the period, and will take delivery of another five A320s in the second half of 2015.
The airline is now concentrating on expanding its international route map, connecting more cities in China with destinations in Japan, South Korea and Southeast Asia.
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