State-owned carriers posted combined first-half losses of 8.2 billion yuan despite higher revenue, while private rivals stayed profitable amid pressure from high-speed rail and weak pricing
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Multiple China Southern Airlines passenger aircraft operate at Guangzhou Baiyun International Airport on Jan. 3, 2026. Photo: VCG
China's three largest state-owned airlines reported substantial first-half losses. Surging jet fuel prices and a weak summer…
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Long-struggling China Southern, Air China and China Eastern all blame fuel prices
China Southern, Air China, and China Eastern all point to fuel costs as a drag on earnings.
