Spring Airlines, China’s only listed low-cost carrier and Asia’s biggest by market valuation, posted a 20.75% rise in net profit for 2014. Net profit grew to 884.2 million yuan (HK$1.1 billion) last year from 732 million yuan in 2013.Turnover was 7.3 billion yuan, up 11.64%. On the news Spring shares fell 3.79% yesterday to close at 92.28 yuan. Spring’s market value is now 37 billion yuan – or five times the value of AirAsia – Is that realistic? It may well be – Spring Japan is due to begin services in May 2015 and more international subsidiaries are set to

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In
   
Forgot password? Click here to reset
New User? Click here to register