China’s Aviation Is Doomed! Top Airport Deserted, 3 Major Airlines Project up to $1B Losses in H1
China’s Aviation Is Doomed! Top Airport Deserted, 3 Major Airlines Project up to $1B Losses in H1
Udumbara
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On July 11, Air China, China Southern Airlines, and China Eastern Airlines released their first-half performance forecasts for 2024, showing varying degrees of losses.
The announcements indicate that Air China expects a net loss attributable to shareholders of 2.3 billion to 3 billion yuan for the first half of this year. After excluding non-recurring gains and losses, the net loss is expected to be between 2.8 billion and 3.8 billion yuan.
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