China Aviation Oil H1 net profit down 17.3% to US$41.4 million on squeezed margins, lower volumes
Earnings hit by higher costs in securing jet fuel supply after escalation of Middle East conflict
China Aviation Oil (CAO) reported a 17.8 percent decrease in net profit for the first half of 2026, amounting to US$41.4 million, compared to US$50 million in the previous year. The downturn was attributed to increased costs for jet fuel supply due to the Middle East conflict escalation and lower oil prices in Asia and the US West Coast.
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