China’s Big Three airlines – Air China, China Southern, and China Eastern – all have now reported their half-year 2023 results. The picture that emerges is that all three have significantly reduced their losses, but have some way to go until they are out of the woods of the pandemic. And there are concerns about how the Chinese domestic and international markets are developing.
Air China:
Air China was the last of the three to release its numbers and reported an RMB -4.094 billion net loss attributable to shareholders, compared to RMB -22.214 billion in the first six months of 2022. Revenues improved to RMB 59.613 billion from RMB 23.953 billion, which together with other income add up to a total income of RMB 63.683 billion versus RMB 25.400 billion last year.
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
We use cookies to optimize our website and our service.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.