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: 久久国产亚洲精品 | 特黄特色三级在线播放 | 国产成人免费视频精品一区二区 | 日韩亚洲欧美一区 | xx毛片| 欧美国产精品一区二区免费 | 欧美日韩一区二区三区久久 | 免费三级网站 | free性欧美嫩交 | 久久亚洲欧美成人精品 | 日本成人在线免费 | 免费在线一级片 | 亚洲国产精品国产自在在线 | 婷婷尹人香蕉久久天堂 | 久久久久久青草大香综合精品 | 欧美顶级毛片在线播放 | 特级毛片永久久免费观看 | 成人免费一级毛片在线播放视频 | 九月婷婷亚洲综合在线 | 三级黄色片网站 | 久久精品免费观看 | 欧美性猛片xxxxⅹ免费 | 一级毛片大全 | 成人在线网址 | 久久成人免费网站 | 免费一级做a爰片性色毛片 免费一极毛片 | 中文字幕日本一区波多野不卡 | 欧美做暖小视频xo免费 | 国产成人精品高清不卡在线 | 韩国毛片免费播放 | 国产免费资源 | 看一级毛片一区二区三区免费 | 中文字幕无线精品乱码一区 | 日本无卡码免费一区二区三区 | 玖玖精品 | 国内91视频| 亚洲日韩中文字幕天堂不卡 | 97青青草原国产免费观看 | 一级一片免费播放 | 欧美日韩中文一区二区三区 | 亚洲国产成人久久三区 |