Spring Airlines Co Ltd
SSE:601021
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Spring Airlines Co Ltd
Total Receivables
Spring Airlines Co Ltd
Total Receivables Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Total Receivables | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
Spring Airlines Co Ltd
SSE:601021
|
Total Receivables
ÂĄ594.5m
|
CAGR 3-Years
-13%
|
CAGR 5-Years
-21%
|
CAGR 10-Years
2%
|
||
China Eastern Airlines Corp Ltd
SSE:600115
|
Total Receivables
ÂĄ11.8B
|
CAGR 3-Years
-3%
|
CAGR 5-Years
-3%
|
CAGR 10-Years
5%
|
||
China Southern Airlines Co Ltd
SSE:600029
|
Total Receivables
ÂĄ8.2B
|
CAGR 3-Years
16%
|
CAGR 5-Years
7%
|
CAGR 10-Years
4%
|
||
Air China Ltd
SSE:601111
|
Total Receivables
ÂĄ14B
|
CAGR 3-Years
7%
|
CAGR 5-Years
0%
|
CAGR 10-Years
5%
|
||
JUNEYAO AIRLINES Co Ltd
SSE:603885
|
Total Receivables
ÂĄ2.1B
|
CAGR 3-Years
9%
|
CAGR 5-Years
4%
|
CAGR 10-Years
N/A
|
||
Hainan Airlines Holding Co Ltd
SSE:600221
|
Total Receivables
ÂĄ16.5B
|
CAGR 3-Years
-33%
|
CAGR 5-Years
14%
|
CAGR 10-Years
22%
|
Spring Airlines Co Ltd
Glance View
Spring Airlines Co. Ltd. is a low-cost carrier based in Shanghai, China, remarkable for pioneering the budget airline model in a market traditionally dominated by full-service airlines. Founded in 2004, the airline has rapidly gained traction by offering competitive fares while maintaining a focus on customer service and operational efficiency. With a modern fleet primarily consisting of Airbus A320 aircraft, Spring Airlines has strategically expanded its route network both domestically and internationally, connecting major cities in China with key destinations in Asia. This growth has positioned the airline as a formidable player in the aviation sector, catering to the increasing demand for budget travel among Chinese consumers and tourists. For investors, Spring Airlines presents an intriguing opportunity within the burgeoning low-cost airline industry. Despite challenges such as fluctuating fuel costs and heightened competition, the company's resilient business model and cost-effective operations have allowed it to maintain profitability in a volatile market. The airline's commitment to innovation—exemplified by its digital enhancements and streamlined processes—fortifies its competitive edge. By understanding the evolving landscape of travel preferences, particularly among the young and budget-conscious demographic, Spring Airlines not only shows promise for continued growth but also embodies the investment philosophies of value and sustainability espoused by industry greats like Warren Buffett and Charlie Munger.
See Also
What is Spring Airlines Co Ltd's Total Receivables?
Total Receivables
594.5m
CNY
Based on the financial report for Jun 30, 2024, Spring Airlines Co Ltd's Total Receivables amounts to 594.5m CNY.
What is Spring Airlines Co Ltd's Total Receivables growth rate?
Total Receivables CAGR 10Y
2%
Over the last year, the Total Receivables growth was 7%. The average annual Total Receivables growth rates for Spring Airlines Co Ltd have been -13% over the past three years , -21% over the past five years , and 2% over the past ten years .