NET INCOME FALLS FOR SPRING AIRLINES

Dino D'Amore
By Dino D'Amore July 27, 2011 10:33

NET INCOME FALLS FOR SPRING AIRLINES

Shanghai-based Spring Airlines posted net income of CNY160 million ($24.8 million) in the 2011 first half, down 6.3% from a net profit of CNY170 million in the year-ago period.

Spring’s operating revenue for the year’s first six months rose more than 20% year-over-year to CNY1.9 billion. Operating expenses or passenger traffic figures were not disclosed by the airline.

Dino D'Amore
By Dino D'Amore July 27, 2011 10:33
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