Spring Airlines Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Spring Airlines (SHSE:601021) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥6.10b (flat on 3Q 2023).
• Net income: CN¥1.24b (down 32% from 3Q 2023).
• Profit margin: 20% (down from 30% in 3Q 2023).
• EPS: CN¥1.28 (down from CN¥1.87 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Spring Airlines EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Airlines industry in Asia.

Performance of the market in China.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Spring Airlines you should know about.

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