Spring Airlines Profit Streak Ends As COVID-19 Strikes
Credit: Nigel Howarth/Aviation Week
COVID-19 has ended Spring Airlines’ year-long run of double-digit quarterly profit increases as China’s largest LCC recorded a CNY227 million ($32 million) loss for Q1 2020. The countrywide lockdown imposed during Lunar New Year in late January pushed down operating income 34.5% year-on-year (YOY)...
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