Published on : Thursday, December 7, 2017
Speaking on the sidelines of the Fortune Global forum in Guangzhou, China, Tan Wan Geng, the president of China Southern Airlines, looked ahead to the coming year.
Tan Wan Geng said that the common view is the industry is entering a profitable cycle, so they are quite happy for China Southern Airlines. They have the very largest fleet and they are convinced about the future.
The oil price is the major cost for airlines, which is now “stable”. Looking forward, he said, the company expects crude prices to remain relatively stable, which can increase the business of the airlines.
Tan Wan Geng while highlighted his company’s interest in Europe, especially given the positive economic situation there: The economy of Europe is reviving and the company is expecting its market recovery.