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Chinese low-cost carrier Spring soars amid COVID downturn

1 month ago   |   By

Chinese budget carrier Spring Airlines is leveraging its low-cost position to attract customers with cheap fares as the country's domestic aviation market recovers, pursuing an aggressive expansion strategy that could soon turn profitable. Domestic capacity at Shanghai-based Spring rose over 50% in September compared with a year earlier, while passenger traffic was up 47% and the airline's load factor, or percentage of seats filled, neared 90% as it redirected planes from closed international markets. Spring's market share has doubled from 2% a year ago to 4%, according to broker...
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