Spring Airlines: China's self-styled 'first LCC'

摘要

Three Chinese start-up airlines launched in 2004 but only Shanghai-based Spring Airlines seems to have survived. Spring reported a profit of RMB30.6m (US$3.9m) on revenues of RMB539.03m (US$69m) in 2006 with a fleet of five A320s. How does China's self-styled "first LCC" work?