Spring Airlines Profit Streak Ends As COVID-19 Strikes

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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