Since the outbreak of the Iran conflict on February 28, the surge in oil prices has driven the price of domestic jet fuel to new heights, approaching 8,500 yuan (around 1 235 USD) per ton by mid-March. This shockwave has rapidly and directly affected China’s aviation industry. The stock prices of the three major airlines—Air China, China Eastern Airlines, and China Southern Airlines—have seen a sharp drop, with cumulative losses ranging from 26% to 30%, making them some of the worst-performing airline stocks during this period.
Join this channel to get access to perks:
https://www.youtube.com/channel/UCT2kPBcD6tXn8TP_aV7BmgA/join
#chinaobserver
All rights reserved.
⭐You can support us at: https://donorbox.org/china-observer-supporting-independent-news
⭐For business cooperation, please contact us: business@chinaobserver.co