15:01 - 22.05.2026

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May 22, Fineko/abc.az. China's major airlines, including Air China, China Eastern and China Southern, are forecasting a combined net loss of approx. $3.2 bn amid soaring jet fuel prices following the outbreak of the Iran war and weak domestic demand.

ABC.AZ reports that additional pressure is increasing because of competition with high-speed railways and the lack of hedging of fuel risks, which makes Chinese air carriers particularly vulnerable. As a result, there is an increase in flight cancellations and a decrease in passenger traffic, and the increase in fees only partially compensates for the costs.