Hard landing for mainland China airlines

Mainland airlines faced turbulence in the first quarter, with China Eastern Airlines yesterday going from a profit to a loss and China Southern Airlines stocks taking a hammering after the company barely managed to stay in the black.

China Eastern reported last night a loss of 132 million yuan (HK$164.5 million) in the quarter, compared with a net profit of 266 million yuan in the same period last year.

via Business feed http://www.scmp.com/business/companies/article/1224181/hard-landing-mainland-china-airlines