Spring Airlines yields & profits fall; adjusts international capacity
Shanghai-based Spring Airlines reported a net profit of CNY950.5 million ($138 million) for 2016, down 28.4% compared with the 2015 net income of CNY1.3 billion. Operating revenue rose 4.2% to CNY8.4 billion, but costs increased 13.7% to CNY7.4 billion. Industry analysts cited “rising fuel expenses...
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