China's three largest airlines return to profit in first quarter
Updated
Updated · The Wall Street Journal · Apr 30
China's three largest airlines return to profit in first quarter
14 articles · Updated · The Wall Street Journal · Apr 30
Air China earned 1.71 billion yuan and China Eastern 1.63 billion yuan, while China Southern swung to 1.48 billion yuan from a 747 million yuan loss.
The rebound was driven by stronger operations, route optimisation, higher revenue and cost controls, with March traffic growth outpacing capacity and international routes leading the recovery.
Investors remain wary as the Iran war has lifted jet-fuel costs, raising second-quarter loss risks; China Southern also plans to buy 137 Airbus A320neo jets and raise 15 billion yuan.
With a fuel crisis erasing profits, why are Chinese airlines betting billions on new Airbus jets?
How is access to Russian airspace becoming a secret weapon for Chinese airlines to dominate routes to Europe?