News Snapshot:
Chinese low-cost carrier Spring soars amid COVID downturn By Reuters 28 seconds ago 0 2 minutes read © Reuters. FILE PHOTO: File picture of Spring Airlines’ Airbus A320 aircraft seen at Hongqiao airport in Shanghai By Stella Qiu and Jamie Freed BEIJING (Reuters) – 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...
