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Fly News Breaks for June 8, 2016
QUNR, CTRP
Jun 8, 2016 | 09:52 EDT
Media reports have stated that Chinese airlines will cancel or reduce the variable portion of commissions they pay to ticketing agencies, 86 Research stated. The firm says that two major Chinese airlines have confirmed the news. 86 Research believes that the change will cripple the airline businesses of Ctrip.com (CTRP) and Qunar (QUNR). 86 Research says that Ctrip.com "lacks near-term EPS support, "but it remains positive on the company's long-term outlook. The firm recommends avoiding Qunar.
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