Airline fuel shock saddles China trio with biggest losses in Asian skies

TransportationCathay flying high as hedging partly separates winners and losers after Iran warChina Southern Airlines, one of the country's big three state carriers, said there are no effective measures to manage "exposure to the fluctuations of domestic jet fuel prices." © ReutersKENJI KAWASESeptember 1, 2026 15:28 JSTTOKYO -- China's big three state-owned airlines suffered the biggest losses among major listed Asian peers in the second quarter, when airlines worldwide grappled with more expensive jet fuel due to disruptions from the Iran war, a Nikkei Asia analysis shows.