Nikkei Asia Reports China's Three Major State-Owned Airlines Suffered Heavy Losses in Q2 Due to Not Hedging Jet Fuel Prices
On September 1, 2026, Nikkei Asia reported that in the second quarter of 2026, China's three major state-owned airlines — Air China, China Southern Airlines and China Eastern Airlines — posted prominent losses amid rising oil prices and exchange rate fluctuations because they had done almost no jet fuel hedging.