Spring Airlines (601021) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 6.07 billion, up 14.16% year-over-year, driven by increased business volume.

• Net profit attributable to shareholders was RMB 982.83 million, a 45.15% increase year-over-year.

• Operating cash flow surged 261.59% to RMB 1.64 billion, reflecting stronger cash generation.

Financial highlights

• Total assets at quarter-end were RMB 48.42 billion, up 3.29% from year-end 2025.

• Shareholders’ equity rose 2.63% to RMB 18.64 billion.

• Basic and diluted EPS both increased 47.83% year-over-year to RMB 1.02.

• Gross margin improved as operating profit rose to RMB 1.29 billion, up 44.92% year-over-year.

Outlook and guidance

• Profit and revenue growth attributed to increased business volume and improved operational efficiency.