Soaring Fuel Prices Threaten to Further Squeeze Chinese Airline Profits, Industry Group Warns

Surging global jet fuel prices threaten the profitability of Chinese airlines, which are already struggling with a sluggish recovery from the pandemic, according to the head of the International Air Transport Association (IATA).

The warning underscores the vulnerability of China’s aviation sector, which is grappling with fierce domestic competition and a slow return of international travel, making it an outlier among global peers rebuilding their balance sheets.