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Chinese airlines have lost US$3.1 billion this year because of coronavirus

CHINA's six listed mainland airlines have lost a combined CNY22

27 March 2020 - 05:48

CHINA's six listed mainland airlines have lost a combined CNY22.3 billion (US$3.14 billion) this year, according to analysis by the NU-VariFlight Joint Research Centre for Transportation Big Data, reports Caixin.

The calculations, based on financial reports, included Air China, China Southern Airlines, China Eastern Airlines, Hainan Airlines, Spring Airlines, and Juneyao Airlines.



The Civil Aviation Administration of China (CC) disclosed on March 12 that mainland flight volumes had only recovered to about 40 per cent of their normal levels. About two-fifths of flights scheduled by China Eastern Airlines actually flew, while about half of those for Air China and China Southern Airlines did, according to VariFlight data.


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