Chinese airlines report huge losses as they count the cost of zero-Covid drive


Source: businesslive.co.za businesslive.co.za

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News Chinese airlines report huge losses as they count the cost of zero-Covid drive China Southern cites a fall in revenue from domestic travel, while Air China blames reduced capacity 30 August 2022 - 19:57 Danny Lee A China Southern Airlines counter at Hongqiao International Airport in China, August 27 2022. Picture: QILAI SHEN/BLOOMBERG China’s big three state-owned airlines saw total losses during the Covid-19 pandemic balloon to 127.6-billion yuan ($18.5bn) by the end of June, as the country stuck with its zero-tolerance strategy of border restrictions and snap lockdowns. Air China said on Tuesday its net loss in the...