Rising fuel costs and closed borders are keeping China’s national carriers—Air China, China Southern Airlines and China Eastern Airlines—under pressure and, despite increases in passenger revenue, all three saw their losses widen in 2021.
The US Transportation Department said China’s cancellation of 44 flights operated by US airlines is inconsistent with the US-China air services accord.
An order has been issued to limit passenger capacity to 40% on four routes to the US in retaliation to sanctions imposed by China’s government on United Airlines.
Air China and China Eastern Airlines both remained in the red for all four quarters of 2020, racking up annual net losses of CNY14.4 billion (£2.2 billion) and CNY11.8 billion respectively.
June operating figures for Chinese state-owned carriers Air China, China Eastern Airlines and China Southern Airlines, as well as the country’s largest LCC Spring Airlines, show passenger demand has slowed.
China has condemned France’s decision to slash the number of Chinese airline flights to Paris per week from three to just one, which Paris said was in response to China’s "five ones" policy.
China’s big three state-owned carriers Air China, China Southern Airlines and China Eastern Airlines have recorded a cumulative loss of CNY14 billion ($2 billion) for Q1 2020 as the COVID-19 pandemic brought the Chinese aviation industry to a standstill.
China’s big three state carriers Air China, China Eastern Airlines and China Southern Airlines have released their operating numbers for February, revealing the damage of the COVID-19 lockdown on their performance.
China is next week set to welcome back a further 2 million departure seats to its network as the first market to be affected by COVID-19 coronavirus continues to recover.
Two big Chinese airlines are increasing services to the U.S., recovering a little from the reduction to minimal levels applied shortly after the coronavirus outbreak became recognized in late January.
