Why China's 297 Million Fliers Aren't Boosting Airline Profits
- Weaker yuan, oil gain damp Chinese carriers’ first-half profit
- Travel demand and higher ticket prices boost passenger yields
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China’s top three airlines are poised to show this week that they’ve been hard hit by a jump in crude prices and the yuan’s depreciation.
Combined net income at Air China Ltd., China Eastern Airlines Corp. and China Southern Airlines Co. probably fell more than 50 percent to 4.95 billion yuan ($727 million) in the first half of 2018, based on the median of estimates in a Bloomberg News survey of analysts.