50 SKY SHADES - World aviation news

Spring Airlines 9-Month Net Profit Soars 83% to 1.2 Billion Yuan

Download: Printable PDF Date: 01 Nov 2015 08:04 (UTC) category:
Publisher:
Spring Airlines 9-Month Net Profit Soars 83% to 1.2 Billion Yuan - Finance publisher
Tatjana Obrazcova
Country: China Aircraft: Airplanes
Source: WCARN

China's largest low-cost carrier Spring Airlines (SC) reported on Saturday that its operating revenue for the first three quarters jumped 13% from a year earlier to 6.33 billion yuan.

The budget airline's net profit attributable to shareholders surged 83% to 1.20 billion yuan in the first nine months, the carrier said in its nine-month result. Basic earnings per share stood at 3.09 yuan.

Lower jet fuel prices, robust air traffic demand and air routes subsidy are leading to the strong profitability in the first nine months of this year.





Recommended

KlasJet receives key FAA approval to launch ACMI and charter services in the US market

KlasJet has achieved a significant milestone by obtaining Part 129 Operations Specifications (OpSpecs) approval from the FAA, paving the way for the company's expansion into the U.S. market. As pa...

Airbus Corporate Jets survey points to a new wave of demand for large business aircraft in Asia

Confidence in Asia's business aviation market is on the rise, according to new research commissioned by Airbus Corporate Jets (ACJ). Industry experts expect demand for business aircraft to grow st...

Strategic partnership boosts India’s pilot training with ALSIM’s AL250

ALSIM has announced that MH Cockpit, based in India, has acquired an AL250 simulator—marking a significant step in MH Cockpit’s expansion plans and reinforcing its ambition to build a robu...

Japan Airlines strengthens E-Jet operations with renewed Embraer Pool Program agreement

Embraer and Japan Airlines have strengthened their long-standing collaboration through a new multi-year agreement under Embraer’s Pool Program, ensuring continued maintenance, repair, and spare-...

Android Apps development in Riga, Latvia