Spring shares soar but airline stocks surges are fickle

As Spring Airlines chairman Wang Zhenghua celebrates becoming a billionaire as his airline stock price surged 44% after its initial public offering (IPO), shares in US carriers are impacted by snow and oil price rally, which depresses recent gains. Like many airlines Spring’s shares were boosted by the positive gains for airlines in general due to soaring demand and falling oil prices. Spring had the added benefit of being the first IPO of a Chinese airlines for more than a decade that helped to pique investor interest further. Wang started the airline in 2005 and owns a 26% stake in