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China targets profitability this year


Jan 15, 2022 ,

China’s Aviation Sector Targets Profitability This Year

The airline regulator announced on the opening day of the week that China’s aviation sector will try to turn losses into gains this year, with a predicted recovery of up to 85 percent in domestic passenger traffic to COVID.

The disruptions caused by politicians of zero COVID, which is to rapidly eradicate clusters of microbes regardless of financial costs, highlight the disruptions caused by China’s internal weightless news, which at one time aroused the envy of the entire world after a quick recovery during a pandemic.

Because of the rising number of imported cases as the Omicron strain spreads around the world, China’s Civil Aviation Administration has recently temporarily halted further foreign flights.

Since COVID-19 exploded in early 2020, the section has suffered massive losses: China’s three largest airlines, Air China, China Eastern Airlines, and China Southern Airlines, have accumulated a total loss of 32.5 billion yuan ($ 5.10 billion) in the first three quarters of 2021, followed by a loss of 42 billion yuan in 2020.

This year, the amount of air travelers is expected to exceed 570 million, up from around 660 million in 2019 before COVID-19.

China is laying a gamble on the domestic bazaar to re-establish its own aviation business, while simultaneously lowering the number of foreign flights to discourage travel.

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