They will report lower costs and are also expected to benefit from lower fuel surcharges from falling oil prices
Thu, Aug 06, 2015 - 5:50 AM
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.
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