Airline

China's Spring Airlines reports operating revenue rise in H1 2019

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China's Spring Airlines reports operating revenue rise in H1 2019

China's Spring Airlines has reported an increase in operating revenue for the first six months of 2019.

The airline revealed that its operating rose to CNY7.15 billion (approximately $1.05 billion) for the period ending 30 June - marking a 12.9% increase year-on-year.

The Chinese carrier reported operating costs of CNY6.50 billion, an increase of 10.7% from the same period last year.

Revenue for the six months ended 30 June increased 12.9% to CNY7.15 billion, while the airline’s operating expenses was CNY 6.5 billion, 10.7% higher than the same period a year ago.

During the period, attributable net profit for the period rose by 17.5% to CNY854 million.

The airline carried 1.08 billion passengers during the first six months of 2019 - a 13% rise from the same period last year.