23-Dec-2010 10:10 AM

Spring Airlines upgrades full-year profit target to USD90m

Spring Airlines Spokesman Zhang Wuan stated the LCC has maintained an average load factor of 95.8% and expects to report a profit of CNY600 million (USD90 million) in full-year 2010, up from its previous forecast of between USD43.9 million to USD58.6 million (National Business Daily, 23-Dec-2010). Mr Zhang added 2011 will be a competitive year. Spring Airlines stated it plans to seek cooperation with other LCCs to expand the carrier’s route network.