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Spring Airlines Co., Ltd. (China)

Main Activities: Air Transportation
Full name: Spring Airlines Co., Ltd. Profile Updated: November 16, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Chinese Download a sample report

Spring Airlines Co., Ltd. is a Chinese private airline company based in Shanghai. It operates in the low-cost aviation business model, primarily engaged in domestic, international, and Hong Kong-Macau air passenger and cargo transportation services, as well as related aviation transportation services. Unlike full-service airlines, the company attracts a large number of price-sensitive self-paying passengers and cost-conscious business travelers due to its competitive pricing advantage. The company does not sell through the Chinese civil aviation GDS booking system but instead sells through its own developed seat control sales system, with a focus on online B2C direct sales of e-tickets. Customers can choose their seats and print their e-ticket itineraries on regular paper. The company does not provide complimentary beverages and meals, and passengers can purchase them if needed, with squatting and basket-style services available. The company has a strong focus on safety and smooth operations, with an average seat occupancy rate of 95%. It is the only airline among the nineteen new airlines to be recognized and commended by the Civil Aviation Administration as an "advanced unit in safety." In the future, the company aims to consolidate its low-cost aviation business model and competitive advantages, expand its operations, and strive to become a competitive, international, and mass-market low-cost airline.

Headquarters
Building 2, No. 528, Konggang 1st Road, Changning District, Shanghai
Shanghai; Shanghai; Postal Code: 200335

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Website: http://www.ch.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
November 01, 2004
Key Executives
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Supervisor
Ownership Details
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51.5%
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2.32%
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2.29%
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1.73%
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1.61%
Subsidiaries
Chongqing Chunzhiyi Information Technology Co., Ltd.
100%
Chunrong (Tianjin) Commercial Factoring Co., Ltd.
100%
Shanghai Chunhua Airlines Ground Service Co., Ltd.
100%
Company Performance
Financial values in the chart are available after Spring Airlines Co., Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency CNY. Absolute financial data is included in the purchased report.
Net sales revenue
13.29%
Total operating revenue
13.75%
Operating profit (EBIT)
1.63%
Net Profit (Loss) for the Period
-2.73%
Total assets
-6.07%
Total equity
9.08%
Operating Profit Margin (ROS)
-2.24%
Net Profit Margin
-2.68%
Return on Equity (ROE)
-1.79%
Debt to Equity Ratio
-17.99%
Quick Ratio
0.23%
Cash Ratio
0.16%

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