Spring Airlines Profit Streak Ends As COVID-19 Strikes

Chen Chuanren May 01, 2020
Spring
Spring, the only Chinese LCC to operate an AOC in Japan, provided repatriation flights for Wuhan residents stranded in Japan following the coronavirus outbreak.
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)...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for the Aviation Week Network’s (AWN) Air Transport World (ATW) and the Asia-Pacific Defense Correspondent for AWN, joining the team in 2017.

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