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Spring Airlines' profitability continues for third consecutive year in 2008

23-Mar-2009

China’s first LCC, Spring Airlines, reported its third consecutive year of net profitability in 2008, with a 32% year-on-year increase in revenues to USD237 million. The carrier, one of a handful of private carriers in the Mainland, reported a net profit of 3.1 million, which it attributed to the reimbursement of USD3.0 million in civil aviation infrastructure payments. [274 words]

Unlock the following content in this report:

Subheadings:

  • Postpones IPO plans, due to ongoing financial crises
  • To continue with fleet and network expansion

Graphs and data:

  • Spring Airlines financial highlights for 12 months ended 31-Dec-08
  • Spring Airlines aircraft delivery schedule
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