Financial Round Up
Spring profit soars
March 30th 2015
China’s Spring Airlines reported a net profit of 884.2 million yuan ($144 million) in 2014, up 20.8% from 2013, but cautioned that “challenges still remain, which include a possible slowdown of domestic economic growth, a fluctuation in the fuel price, a pilot shortage and increasingly fierce competition from domestic peers and high-speed rail”. Read More » In 2014, Spring expanded its fleet to 46 A320s and hopes to grow to 60 aircraft by the end of this year and to 100 by 2018. It reported an average average load factor of 93% in 2014.
