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World's top 10 airline stocks are all Chinese, except IndiGo: Report

A Bloomberg gauge of the sector shows nine of the world's top 10 airline stocks over the past three months are Chinese, with all but Air China shares posting double-digit gains

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Chinese carriers haven’t been immune to the crisis, but they’ve managed to recover much faster thanks to a vast domestic market and the removal of travel curbs as the outbreak there was brought under control

Bloomberg Beijing

3 min read Last Updated : Sep 10 2020 | 2:09 AM IST

Chinese carriers are in a sweet spot, relative to their Covid-battered peers at least. The country’s 1.4-billion-strong population is eager to travel, the yuan is rallying and oil is getting cheaper.

A Bloomberg gauge of the sector shows nine of the world’s top 10 airline stocks over the past three months are Chinese, with all but Air China shares posting double-digit gains. The odd one out is InterGlobe Aviation Ltd., which operates India’s biggest carrier, IndiGo. That’s sixth on the list with a 13 per cent advance. The top performer is low-cost carrier Spring Airlines Co., which has climbed 22

Topics : airline stocks Aviation industry IndiGo

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