Spring Airlines operating profit up 14% in 1Q2016

Spring Airlines revenue up 4% - financial highlights for three months ended 31-Mar-2016:

• Total operating revenue: CNY2089 million (USD319.4 million), +3.5% year-on-year;
• Operating costs: CNY1742 million (USD266.4 million), +2.1%;
• Operating profit: CNY322.9 million (USD49.4 million), +14.1%;
• Net profit: CNY366.7 million (USD56.1 million), +44.2%;
• Total assets: CNY16,486 million (USD2521 million);
• Monetary: CNY3026 million (USD462.7 million);
• Total liabilities: CNY9579 million (USD1465 million). [more - original PR - Chinese]

*Based on the average conversion rate at CNY1 = USD0.1529