Spring Airlines reported 128.1% y-o-y increase in net profits to RMB620 million in its fiscal report for the first half of the year. The earnings per share was RMB1.62.
Singapore Airlines is searchig for regional partners and investors in APAC to spur its growth in the Chinese market.
China Eastern recorded over RMB137 million in direct sales and 60,000 new members on its “818 Carnival” promotion.
In order to unlock revenue generation opportunities Chinese airlines need an understanding of what travel retailing means.
Hainan Airlines has recorded 1.602 billion in net profits attributable to its shareholders in the first half of the year, representing an increase of 231.92% y-o-y.
Rumors of a merger of China’s top three carriers were laid to rest but the industry continues to speculate the carriers may consolidate their air cargo operations.
CAAC is adopting a registration system for air routes, instead of the discretionary approval process that has fueled corruption among China’s aviation authorities.
China’s three major airlines have benefited from the drop in fuel prices and soaring demand to see 21-fold increase in net profits for the first half of the year.
