China Southern profit warning; AirAsia X sale and leaseback; and fuel hedging

At Airline Economics Growth Frontiers conferences in Hong Kong and Dublin, we have been very careful to ensure that a great deal of time is turned over to macro-economic detail along with fuel hedging and FX mitigation slots and well we should for the outlook remains mixed at best for APAC majors. In a filing to the Hong Kong Stock Exchange China Southern Airlines, the country’s largest carrier by fleet size, said that it would lose 300-350 million yuan ($48.2-$56.3 million) in January-March. That compares with a net profit of 57 million yuan in the same period last year after it was