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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

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.

Air China Ltd, China Eastern Airlines Corp and...

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