China Airlines Slump on US Moves to Limit Flight Frequencies

Shares of China’s biggest airlines slumped on Friday as investors reacted to news that US carriers are trying to block any increase in flight frequencies between the world’s two biggest economies.

Air China Ltd.’s Hong Kong-traded stock slipped as much as 4.6% while China Southern Airlines Co. fell 2.2%. Shares in Shanghai-based China Eastern Airlines Corp. declined as much as 3.5%, worse than the Hang Seng Index’s 1.9% decrease.