Spring Airlines profit deteriorates in 1Q2017

Spring Airlines revenue up 23% - financial highlights for three months ended 31-Mar-2017:

• Total operating revenue: CNY2571 million (USD373.2 million), +23.1% year-on-year;
• Total operating costs: CNY2459 million (USD356.9 million), +41.2%;
• Operating profit: CNY112.7 million (USD16.4 million), -65.1%;
• Net profit: CNY303.3 million (USD44.0 million), -17.3%;
• Total assets: CNY19,021 million (USD2761 million);
• Cash: CNY4699 million (USD682.1 million);
• Total liabilities: CNY11,394 million (USD1654 million). [more - original PR - Chinese]

*Based on the average conversion rate at CNY1 = USD0.145138