China airline stocks tank as reopening bet fades

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China airline stocks tank as reopening bet fades FMTNews FMTBusiness

While China’s domestic air travel saw a strong rebound this year, recovery in the international segment came at a slower pace.

The trio’s Hong Kong-listed shares have fallen more than 16% this year while a Bloomberg gauge tracking global airlines has gained 3%. A key focus is how passenger yields — an indication of revenue — will be sustained given stiff competition in the market, he said.

 

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