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Not hedging pays off for Chinese airlines
They will report lower costs and are also expected to benefit from lower fuel surcharges from falling oil prices
China Eastern (above), Air China and China Southern Airlines Co are expecting first-half net income to jump - by as much as 743 per cent in the case of Air China.
PHOTO: AFP
Singapore
AFTER many airlines were burned because of slumping fuel prices in 2008 and 2009, Chinese carriers stopped hedging their fuel purchases - even when prices soared above US$100 a barrel. Now they are having the last laugh.
Air China Ltd, China Eastern Airlines Corp and
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