China’s biggest airline sees profits ahead along with is actually bullish on Europe

Next year is actually looking strong for China Southern Airlines, the company’s president told CNBC on Wednesday.

Speaking on the sidelines of the Fortune Global forum in Guangzhou, China, Tan Wan Geng, the president of China Southern Airlines, looked ahead to the coming year.

“The common view is actually our industry is actually entering a profitable cycle, so we are quite happy for China Southern. We develop the very largest fleet [of any Asian airline] along with we are confident about the future,” he said.

Oil prices, a major cost for airlines, are “stable” for currently, Tan said. Looking forward, he said, the company expects crude prices to remain relatively stable.

Tan highlighted his company’s interest in Europe, especially given the positive economic situation there: “Right currently the information, the message, is actually the whole Europe economy is actually recovering. We like to hear which, along with we expect which market to recover.”

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