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Stock impact report

Airlines cancel more than 200 flights over tensions between China and Taiwan [CNN]

China Eastern Airlines Corporation Ltd. (CEA) 
Company Research Source: CNN
Airlines cancel more than 200 flights over tensions between China and Taiwan Chinese airlines have canceled hundreds of flights to and from Taiwan as a dispute over aviation routes intensifies. The moves disrupt the plans of thousands of passengers ahead of the Lunar New Year holiday, a key travel period in the region. Two major carriers, China Eastern Airlines ( CEA ) and Xiamen Airlines, said Tuesday that they had called off the flights because Taiwan refused to approve them. The flights had been scheduled in addition to the airlines' regular Taiwan services in order to cope with the high demand for travel around the Lunar New Year holiday, which starts next month. But Taiwan said it hadn't been consulted over the routes the airlines were planning to use, accusing Beijing of "unilateral" action. China Eastern Airlines said it had canceled 212 flights between mainland China and Taiwan that it had previously planned for the holiday period. Related: Delta flies into China trouble Show less Read more
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