China’s Big 3 Airlines Slump After Covid Outbreaks Bash Earnings
- Three carriers at bottom of Bloomberg APAC airline stock gauge
- Quarterly results hit by virus flareups, travel curbs in China
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China’s three main airlines slid in Monday morning trade in Shanghai and Hong Kong in the wake of disappointing earnings announcements.
China Southern Airlines Co., Air China Ltd. and China Eastern Airlines Corp. were rooted to the bottom of a Bloomberg gauge of Asia-Pacific airline stocks, their A shares in Shanghai falling more than 3%.