Reported about 1 month ago
China's major airlines, including Air China, China Southern Airlines, and China Eastern Airlines, reported significant losses in the first half of the year due to a sluggish rebound in international travel, domestic oversupply, and heightened competition. While Air China saw a reduced net loss of 2.78 billion yuan, the overall recovery in international routes remains hampered by political tensions and economic challenges. Both Air China and China Southern hinted at an ongoing shift towards domestic travel as international flights lag behind expectations.
Source: YAHOO