Fuel shocks, thin margins: why China’s airlines should ‘heed Spirit’s mistakes’

Fuel shocks, thin margins: why China’s airlines should ‘heed Spirit’s mistakes’

The sudden collapse of Spirit Airlines is serving as a stark warning for the global aviation industry, as China’s own carriers just struggled through a disappointing May Day holiday marred by surging fuel costs and an embrace of the nation’s high-speed rail network. Hopes that the five-day “golden week” could provide a meaningful lift for airlines operating in China were dashed, as the US-Israel war with Iran, now in its third month, has caused …