www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

Boom time ahead for budget carriers in China

By Wang Wen (China Daily) Updated: 2015-01-22 08:00

Boom time ahead for budget carriers in China

Spring Airlines Co Ltd, the first low-cost carrier in China, took off in 2005 and runs 15 international routes, making up 18 percent of its entire network by the end of 2013. Provided to China Daily

Low-cost airlines soar in China as they diversify their offerings and cater to the changing needs of flyers, reports Wang Wen. 

Spring Airlines Co Ltd, the first low-cost carrier in China, started trading on the Shanghai Stock Exchange on Wednesday, with its price surging 44 percent to 26.15 yuan ($4.20) on the day.

The carrier issued almost 100 million shares in an initial public offering on Jan 12 at 18.16 yuan per share, much higher than the share price of any of China's four largest carriers. The funds will be used to double its fleet to 100 planes by 2018, it said.

The strong market performance of Spring Airlines reflected investors' confidence in the carrier's low-cost business model, analysts said.

Generally, low-cost airlines offer low fares and limited free services. Unlike the full-service airlines that have battled rising costs in recent years, low-cost carriers have sought innovative ways to cut costs.

The world's first low-cost airline was Southwest Airlines Co in the United States, which has been flying since 1971. Spring Airlines took off in 2006.

The number of Chinese low-cost airlines increased from two to six in 2014, although most of them were formerly full-service carriers.

They accounted for 8 percent of domestic routes in 2014, compared with 0.7 percent in 2006, according to the CAPA Center for Aviation, a global aviation market analysis firm.

The only new low-cost airline in 2014 was 9Air Co Ltd, which ran its first commercial flight on Jan 16. The cheapest seats cost only 9 yuan and they sold out instantly.

Three full-service airlines-China Eastern Airlines Co Ltd's Beijing-based subsidiary known as China United Airlines Co Ltd, China Express Airlines Co Ltd based in Guizhou province and Chengdu Airlines Co Ltd in Sichuan province-adopted the budget model in 2014.

Some airlines, including Capital Air Co Ltd, a Beijing-based subsidiary of HNA Group, and Chongqing Airlines Co Ltd, a subsidiary of China Southern Airlines Co Ltd, have adopted the low-cost model in part by removing first-or business-class cabins and cutting ticket prices, but they don't call themselves budget carriers.

Some other full-service carriers are now looking more closely at the low-cost model.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日本三级午夜 | 国产成人精品福利网站在线观看 | 最新国产午夜精品视频不卡 | 一级做a级爰片性色毛片视频 | 日本aaaa片毛片免费 | 深夜福利网站 | 不卡的毛片 | 久久成人18免费网站 | 国产盗摄精品一区二区三区 | 国产欧美日韩不卡一区二区三区 | 国产亚洲福利精品一区二区 | 国产玖玖在线 | 国产成人综合洲欧美在线 | 久久久久久国产精品免费免费 | 久久综合九九 | 亚洲天堂视频在线观看 | 国产精品天天爽夜夜欢张柏芝 | 真实偷清晰对白在线视频 | 欧美日韩一区二区高清视 | 18免费网站 | 成年人免费观看网站 | 久久综合久美利坚合众国 | 在线观看国产精品一区 | 性刺激欧美三级在线现看中文 | 在线观看国产一区二区三区99 | 伊人网五月天 | 99精品一区二区三区 | 日韩一级黄色毛片 | 欧美中文字幕在线看 | 亚洲国内 | 日韩一区二区三区视频在线观看 | 亚洲欧美精品一区天堂久久 | 午夜影院a| 国产精品一区二区av | 国产亚洲精品久久久久久久久激情 | 91精品国产综合久久香蕉 | 一色屋成人免费精品网站 | 嫩模大尺度人体福利视频 | 亚洲精品久久久久久久777 | 一级成人a毛片免费播放 | 国产在线观看精品一区二区三区91 |