China's Airlines to Suffer Little from Possible Iraq War

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Last updated at: (Beijing Time) Wednesday, February 19, 2003

China's Airlines to Suffer Little from Possible Iraq War

Aviation analysts say China's airlines are expected to experience minimum negative financial impact in the event of a US attack on Iraq.

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Aviation analysts say China's airlines are expected to experience minimum negative financial impact in the event of a US attack on Iraq.

Analysts say the airlines rely heavily on domestic flights for revenue instead of international flights and therefore the domestic aviation sector is unlikely to be affected by any crisis in the Gulf.

In addition, since the China aviation oil holding company is the sole fuel supplier for airlines in China, analysts believe any fluctuations in oil prices in the international markets will not directly affect Chinese airlines.

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