China Carriers Beat Oil as No-Hedge Policy Lifts Profits: Chart

Chinese airline shares have outperformed oil in the last year as their no-hedging policy has helped them benefit from the plunge in fuel prices. That’s expected to help China’s ‘Big Three’ -- Air China Ltd., China Southern Airlines Co. and China Eastern Airlines Corp., report at least 70 percent increase in net income for 2015. Cheap oil has also aided a rally among airline shares amid a surge in traffic in a country set to become the world’s biggest travel market.

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