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Chinese airlines facing tough times - short term
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Chinese airlines facing tough times - short term

Article Date : Monday, September 01, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Shares in airlines, once the darling of the market, have plunged dramatically. Mutual funds sold RMB12.7 billion  ($1.85 billion) worth of airlines shares in the first quarter of this year and dumped another RMB7.3 billion  of shares in the second quarter. Shares in China Southern Airlines accounted for about 40% and Air China accounted for 48%. Ma Xiaoli...


Article provided by China Economic Review.
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