Higher Fuel Prices Drive Down Chinese Carriers’ Profits
Air China and China Southern Airlines were impacted by higher fuel prices in the 2017 first half as the two carriers reported year-over-year (YOY) six-month net profit decreases of 3.8% and 11.6%, respectively, to 3.3 billion yuan ($486 million) and 2.8 billion yuan. Beijing-based Air China’s 1H...
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