Spring Airlines, China’s only low-cost carrier, has started a Shanghai-Hong Kong service, challenging China Eastern Airlines and Cathay Pacific Airways.
The carrier, whose executives set an excellent example by sharing hotel rooms and eating instant noodles on business trips to cut costs, is offering round-trip tickets to Shanghai’s Pudong Airport from Hong Kong for as little as US$117.60, including fees, on its website.
That’s less than half the price charged by China Eastern and Cathay Pacific, the largest airlines in Shanghai and Hong Kong.
Bloomberg quoted Kelvin Lau, a Hong Kong-based Daiwa Institute of Research analyst, as saying, "Spring Air may particularly affect China Eastern, whose fares are already relatively low. Still, the limited availability of airport slots may cap the number of flights Spring Air can offer."
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