1-Sep-2016 10:51 AM

Spring Airlines profit up 20% in 1H2016

Spring Airlines revenue stable – financial highlights for six months ended 30-Jun-2016:

  • Total operating revenue: CNY3953.4 million (USD591.9 million), stable year-on-year;
  • Total operating costs: CNY3531.4 million (USD528.7 million), +4.1%;
  • Operating profit: CNY371.7 million (USD55.6 million), -25.9%;
  • Net profit: CNY 740.1 million (USD110.8 million), +19.5%;
  • Passenger numbers: 6.6 million, +4.2%;
  • Passenger load factor: 93.0%, -0.8 ppt;
  • Total assets: CNY3620.8 million (USD542.1 million);
  • Monetary: CNY5093.4 million (USD762.5 million);
  • Total liabilities: CNY12,258.2 million (USD1835.1 million). [more - original PR - Chinese]

*Based on the average conversion rate at USD1 = CNY6.6797

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More