Spring Airlines Co., Ltd.: Business Overview, Financials & Competitive Analysis
Spring Airlines Co., Ltd. scores 7/10 on the AskCyborg Cyborg Score (Solid). Profitable low-cost carrier with steady domestic/regional growth and fleet modernization plans, though vulnerable to macro cyclicality and fuel costs. The company has a market cap of 55.1 billion CNY with a PE ratio of 25.73x. Strong operational metrics including fleet expansion, growing passenger numbers, and regional route expansion.
What is Spring Airlines Co., Ltd.'s industry? Spring Airlines Co., Ltd. (ch.com) operates in Airlines. AskCyborg classifies Spring Airlines Co., Ltd. under Airlines in its company registry.
Spring Airlines is a low-cost airline based in Shanghai, China, established in 2004 as the first budget airline in the country. As of December 2024, the company owns and operates a fleet of 129 aircraft. The airline s...
Cyborg Score thesis
Profitable low-cost carrier with steady domestic/regional growth and fleet modernization plans, though vulnerable to macro...
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Get Current Report FreeSpring Airlines Co., Ltd. Overview
Pro stress-test →Spring Airlines is a low-cost airline based in Shanghai, China, established in 2004 as the first budget airline in the country. As of December 2024, the company owns and operates a fleet of 129 aircraft. The airline serves over 100 destinations across Asia, including popular cities in Japan, South Korea, and Southeast Asia.
Strategic Profile
Pro stress-test →Spring Airlines maintains strong revenue generation through a combination of low fares, ancillary services, efficient operations, and strategic expansion. The company keeps operating costs low by selling tickets exclusively through its website, bypassing travel agents. As of August 2025, the airline operates an all-Airbus A320 family fleet, with an agreement made to purchase 30 A320neo aircraft expected to arrive in 2028 and 2032.
Competitive Landscape
Pro stress-test →Spring Airlines operates 100+ destinations across Asia in a competitive market dominated by larger state-owned carriers like Air China, China Eastern, and China Southern, along with regional competitors. The company differentiates through low-cost positioning and point-to-point route focus.
Industry Context
Spring Airlines Co., Ltd. operates in Airlines.
Key facts
Founded: 2004 · Headquarters: Shanghai, China · Employees: 9,777 · Revenue: 15.8B CNY (2022) · Market cap: 55.1B CNY