China’s top airlines swing to Q1 profit, fuel costs cloud outlook
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3 Articles
China’s top airlines swing to Q1 profit, fuel costs cloud outlook
By Sophie Yu and Julie Zhu BEIJING/HONG KONG, April 30 (Reuters) – China’s top three state-owned airlines bounced back to profit in the first quarter, helped by robust demand during the Lunar New Year holiday and recovering global travel, although the outlook is overshadowed by higher fuel costs amid the war in Iran. The sector entered 2026 on a stronger footing, with Guangzhou-based China Southern Airlines reporting a net profit of 1.48 billio…
China’s big three airlines return to profit in Q1
China’s three major state-owned carriers Air China, China Eastern Airlines and China Southern Airlines all reported net profits in the first quarter of 2026, reversing losses from the same period a year ago. The turnaround was driven by strong domestic travel during the Lunar New Year holiday and a broader recovery in international passenger demand. According to a report, all three airlines have pointed to international expansion as a primary gr…
All three major Chinese state airlines recorded profits in the first quarter of 2026 – and thus reversed their losses from the same period last year. China Southern, in particular, is still setting an exclamation mark: the carrier orders 137 Airbus machines.
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