Iran War Destroys China’s Aviation, Three Major Airlines Face Route Disruptions and Huge Losses
Iran War Destroys China’s Aviation, Three Major Airlines Face Route Disruptions and Huge Losses
Udumbara
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Since the outbreak of the Iran conflict on February 28, the surge in oil prices has driven the price of domestic jet fuel to new heights, approaching 8,500 yuan (around 1 235 USD) per ton by mid-March. This shockwave has rapidly and directly affected China's aviation industry. The stock prices of the three major airlines—Air China, China Eastern Airlines, and China Southern Airlines—have seen a sharp drop, with cumulative losses ranging from 26% to 30%, making them some of the worst-performing airline stocks during this period.
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