FlightGlobal
• Alfred Chua
HSBC flags widening earnings “divergence” between Cathay Pacific and China’s “Big Three” amid higher jet-fuel and weaker demand
HSBC Research says the gap between Cathay Pacific (Hong Kong) and mainland China’s three largest carriers is widening as elevated jet-fuel costs and weaker passenger demand weigh on Chinese airlines, even as oil prices cool. The finding is aimed at what investors will see in upcoming half-year results.
