China’s big three airlines lose up to $1.33bn amid Middle East war

Long-struggling China Southern, Air China and China Eastern all blame fuel prices A China Southern Airlines Airbus A321 plane is towed at Changi Airport in Singapore: The carrier expects to post the biggest loss among the country's big three. © Reuters TOKYO — China's big three state-owned airlines expect to report deeper first-half net losses than last year, mainly due to higher fuel prices as the war in the Middle East drags on.

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