Major Chinese Carriers Lose Billions In Difficult H1 Environment
Credit: Joe Pries
The eight major Chinese carriers posted a combined loss of CNY69.8 billion ($10.1 billion) for the first half (H1) of 2022 as Beijing’s strict zero-COVID policy dragged almost into its third year. No Chinese major has returned to profitability after a short “honeymoon period” in late 2020. The same...
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