Chinese airlines facing tough times — short term

Article Date : 01 September 2008
News Section: China

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...

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Article provided by China Economic Review.
Read the full article here: http://www.chinaeconomicreview.com/airtravel/2008/09/02/chinese-airlines-facing-tough-times-%e2%80%94-short-term.html

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