Mar 22, 2022 08:23 PM

BUSINESS

Chinese Airline Industry Reels After Guangxi Crash

By Manyun Zou and Jia Tianqiong

Search and rescue workers look for plane debris at the crash site in Tengxian county, Guangxi Zhuang autonomous region, on March 21. Photo: Xinhua

Search and rescue workers look for plane debris at the crash site in Tengxian county, Guangxi Zhuang autonomous region, on March 21. Photo: Xinhua

Chinese airlines’ stock prices fell Tuesday morning after a China Eastern Airlines Corp. Ltd. (600115.SH) passenger flight mysteriously crashed the day before, as the potential grounding of over 1,000 Boeing jets further dimmed the outlook for the beleaguered sector.

In Hong Kong, China Eastern shares fell 5.82% to HK$2.59 ($0.33), and the other two of the big three Chinese carriers — Air China Ltd. and China Southern Airlines Co. Ltd. — declined by 1.25% and 0.45%, respectively.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Asia New Vision Forum Kicks Off in Singapore

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: Former Securities Regulator Yi Huiman’s Corruption Probe

00:00

00:00/00:00

MOST POPULAR

1: Sinopec and Saudi Aramco Launch $10 Billion Petrochemical Venture in Fujian

2: Cover Story: How the Yuan is Taking Over the Dollar’s Role in Global Trade

3: Finance Movers and Shakers: Former Securities Watchdog Chief Yi Huiman Under Graft Probe

4: Hong Kong Moves to Ease Capital Rules for Banks Holding Licensed Crypto

5: China’s Regulator Ramps Up Push to Curb Food Delivery Subsidy War

SPONSORED

OR