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Chinese airline stocks run away from big city by air oil hike rumors drag

Source: Internet
Author: User
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Amid rumours of soaring oil prices and flu worries, Chinese airlines shares recorded an increase this morning, but the 01055-hk was up 2%, while the Southern Airlines (00670-HK) rose 1.4%, while Air China (00753-HK) rose by only 0.26%. The latest quote from a number of industry analysts said that the ex-factory of aviation kerosene is reported to increase the price of 460 yuan/ton to 4020 yuan, the increase is 13%. However, given the recent international oil price of 50 U.S. dollars/barrels for some time, so the price hike is not surprising, the recent weakness of aviation stocks is caused by the rise in oil prices and fears of flu outbreaks, the short-term is expected to continue to weaken.

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