China airline stocks tank as reopening bet fades

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines