The ongoing crisis in the Middle East has thrown a spanner in the works to the global aviation industry's growth picture. And China is no exception. Leithen Francis, Co-founder & Managing Director, Francis & Low, helps us understand how exposed Chinese airlines are compared to their international peers despite holding the strategic advantage of being able to fly over Russian airspace. He also discusses how much protection fuel hedging provides against fuel price hikes; the delicate balancing act of protecting margins without hampering demand; and why outbound international traffic still lags behind pre-COVID levels. Produced & Presented by: Emaad AkhtarSee omnystudio.com/listener for privacy information.

The ongoing crisis in the Middle East has thrown a spanner in the works to the global aviation industry's growth picture. And China is no exception. Leithen Francis, Co-founder &amp; Managing Director, Francis &amp; Low,&nbsp;helps us understand how exposed Chinese airlines are compared to their international peers despite holding the strategic advantage of being able to fly over Russian airspace. He also discusses how much protection fuel hedging provides against fuel price hikes; the delicate balancing act of protecting margins without hampering demand; and why outbound international traffic still lags behind pre-COVID levels. Produced &amp; Presented by: Emaad AkhtarSee <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

Bigger Pic: Why China's Airlines Are Cautious About 2026