Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities. Click here to read more international insights.
On any flight with bad turbulence there is a moment where it stops and you hope, but cannot be sure, that the stomach-lurching is over. Monday’s bounce in China’s airlines felt like that after last week’s one-10th drop, which was linked to the outbreak of bird flu. But as on flights, there is no way of knowing whether the bumps are over – and disease is not the only threat the sector faces.Report Typo/Error