China Southern gains US$6 mln from fuel hedging contracts
China Southern Airlines Co<600029><1055>
The company has settled all hedging contracts in September due to the weakening oil prices, said the source, without providing detailed information on the period covered by the settled contracts.
In contrast, other major carriers in the country, such as China Eastern Airlines<600115><670>
A-shares of China Southern edged up 0.88% to close at RMB 3.42 on Wednesday, while its H-shares climbed 3.55% to HK$1.46.
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