Chinese airlines gain from no-hedge policy
Big Three expected to post at least 70 per cent surge in net income for 2015 amid plunge in oil prices
Beijing
CHINA'S airlines are reaping the benefits of a policy not to hedge in the oil market, unlike some of their rivals across the Asia-Pacific.
The "Big Three" - Air China Ltd, China Southern Airlines Co and China Eastern Airlines Corp - will report next week at least a 70 per cent surge in net income for 2015 amid a plunge in oil prices, which helps to trim their biggest expenditure. Hainan Airlines Co, the biggest non-government carrier, is due to report on Thursday.
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