15-Apr-2010 12:11 PM
China Southern downgraded; China Eastern and Air China report double-digit pax and cargo growth
Analysis
Shares in Chinese airlines fell back in Hong Kong trading yesterday, with China Eastern slipping 3.8% and China Southern and Air China down by 3.4% and 2.4%, respectively. Sentiment was affected by higher oil prices, coupled with strong official remarks that the Yuan-dollar peg is to be maintained for now.
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