CHINA EASTERN AIRLINES WARNS FUEL COSTS WILL HIT EARNINGS

Li Jun, deputy general manager of China Eastern Airlines has admitted that soaring fuel costs will “definitely weigh on our costs” even though it “will continue to be profitable this year” but profits will be lower, he said. Air China chairman Kong Dong was more positive: “Oil prices were not cheap in 2009 and 2010, and our earnings have surged. That says a lot about our effort to cut costs and prioritize our network and improve our service,” he said. ”Things will be under control as long as the travel flow keeps coming.” All three major Chinese carriers, including China