SA(SH:601021) Zhong Guo Ji Jin Bao·2025-08-26 08:56Core Viewpoint - Spring Airlines has responded to rumors regarding intentionally lowering cabin temperatures to sell blankets, asserting that the condensation observed in the cabin is a normal physical phenomenon and not a deliberate action [1][2][4] Financial Performance - In 2024, Spring Airlines reported a revenue increase of 11.5% to 20 billion yuan, with a net profit of 2.273 billion yuan, reflecting a year-on-year growth of 0.69% [4] - The company's non-recurring net profit also saw a growth of 1.07% to 2.254 billion yuan [4] Business Model - Spring Airlines operates a single aircraft model strategy with 129 Airbus A320 aircraft, which helps in reducing procurement, maintenance, and training costs [5] - The airline does not offer first or business class, focusing solely on economy class, and separates ancillary services such as meals and baggage fees, which are sold separately [6] Ancillary Revenue - Ancillary services, including baggage handling and seat selection, contributed over 600 million yuan annually, with 2024 ancillary revenue reaching 1.03 billion yuan, a 14.44% increase from 900 million yuan in 2023 [6]