Asian airlines brace for worse earnings amid China's slow opening

Analysts downgrade October-December estimates for 7 carriers

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China Southern Airlines is among the Asian carriers whose earnings projections have been downgraded by analysts. (Photo by Yusuke Hinata)

HAJIME MATSUMOTO, Nikkei staff writer

TOKYO -- Asian airlines are largely expected to turn in weaker earnings than previously anticipated in the October-December quarter, with Chinese carriers continuing to struggle under Beijing's pandemic restrictions.

Analysts surveyed by QUICK-FactSet downgraded the forecast earnings before interest and taxes in the quarter for 15 out of 35 airlines worldwide. The latest projections, made at the end of November, were compared to forecasts at September's end.

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