Three Biggest China Airlines Face $1.3 Billion Currency Hit

Updated on
  • Losses to narrow from $2.4 billion in 2015: Capital Securities
  • Carriers scheduled to announce 1H earnings this week

China's Big Three Airlines Face FX Losses

China’s three biggest airlines are poised to report losses totaling 8.5 billion yuan ($1.3 billion) from currency swings this year as a weaker yuan proves a drag amid rising traffic and cheaper fuel. The silver lining: The losses are narrowing.

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