News Snapshot:
China’s three largest carriers, Eastern Airlines, Air China and China Southern Airlines have posted a combined Q2 2022 loss of 28,4 billion yuan, which was even greater than the substantial loss posted for the first quarter. The primary reason for such losses has been the ultra-strict lockdowns imposed as the COVID-19 pandemic lingers on in the country where it first originated. China has a low tolerance policy towards COVID-19 cases and despite small case number when compared to global figures, the brakes have been slammed on where domestic travel is concerned, the principal source of revenue for these three carriers,...
