China Southern Shares Reach Record High in Hong Kong on Yields
This article is for subscribers only.
Shares of China Southern Airlines Co., Asia’s biggest carrier by passenger numbers, surged to their highest ever after the company predicted its passenger yields would improve this year amid a surge in travel demand across the continent.
Oil prices are a risk to that outlook for yields, Tan Wangeng said in an interview Monday in Singapore, where he was attending the Singapore Airshow. Chinese carriers aren’t hedged for fuel, which makes up as much as half of operating expenses among Asian airlines.