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Spring Airlines expects fourth consecutive year of net profitability in 2009

6-Apr-2009

China’s first LCC, Spring Airlines, stated it aims to double net profit to CNY40 million (USD5.9 million) in 2009, going against the trend of deep losses for Shanghai-based airilnes. The carrier expects to report revenues of CNY2.2 billion (USD322 million) in 2009, a 37.5% year-on-year increase. [606 words]

Unlock the following content in this report:

Subheadings:

  • "Not too worried" about the future
  • Takes delivery of new A320
  • Looking International: seeking to operate to Hong Kong and Macau

Graphs and data:

  • Passenger numbers trends for the smaller Chinese airlines: Jan-2006 to Feb-2009
  • Spring Airlines aircraft delivery schedule
  • Spring Airlines capacity (seats) breakdown by routes
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