Spring Airlines operating profit up 17% in 1H2019

Spring Airlines reported (29-Aug-2019) the following financial highlights for the six months ended 30-Jun-2019:

• Operating revenue: CNY7149 million (USD1054 million), +12.9% year-on-year;
• Operating costs: CNY6503 million (USD958.6 million), +10.7%;
  • Fuel: CNY1991 million (USD293.5 million), +9.3%;
  • Labour: CNY1301 million (USD191.8 million), +8.6%;
• Operating profit: CNY1101 million (USD162.2 million), +16.8%;
• Net profit: CNY853.8 million (USD125.8 million), +17.5%;
• Total assets: CNY27,847 million (USD4105 million);
  • Cash: CNY6744 million (USD994.0 million);
• Total liabilities: CNY13,732 million (USD2024 million). [more - original PR - Chinese]

*Based on the average conversion rate at CNY1 = USD0.1474