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Airlines’ healthy finances will be tested by Middle East conflict
中东冲突令航空业面对财务状况考验

Carriers have enjoyed strong demand and cheap fuel but escalating tensions threaten both
Lex专栏:承运商受益于强劲需求和低廉燃油,但不断升级的紧张局势正威胁两者。

When oil markets are disrupted and prices leap, airline stocks are among the first to feel the effect. Fuel accounts for roughly a quarter of big carriers’ operating costs. But the timing, nature and geography of the current Middle East conflict pose bigger questions for investors to monitor.

当石油市场遭受扰动、价格飙升时,航空股往往首当其冲。燃油约占大型航空公司的运营成本四分之一。不过,当前中东冲突的时间点、性质与地域范围,使得投资者需要关注更为重大的问题。

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