BEIJING: Chinese carriers posted mixed results for 2018 but have warned of stronger headwinds in the coming year, which could continue to put a damper on profits.
It also warned that big fluctuations in the yuan this year, along with an ongoing increase in oil prices, are likely to weigh down profits. The airline put this down to an increase in operational costs, chiefly due to the 25 per cent jump in jet fuel costs, resulting in additional spending of 6.72 billion yuan."China's civil aviation industry is expected to continue to maintain a relatively fast pace for development, but domestic and international macro-economic situation and changes in trade relations, oil prices and exchange rate fluctuations will bring uncertainties to the development of the industry," it said.
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