UPDATE 1-China's aviation industry suffers $4.9 bln loss in Q2 on coronavirus jolt [Reuters]
China Eastern Airlines Corporation Ltd. (CEA)
US:NYSE Investor Relations:
irasia.com/listco/hk/chinaeast/annual/index.htm
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Source: Reuters
UPDATE 1-China's aviation industry suffers $4.9 bln loss in Q2 on coronavirus jolt * Loss slightly narrower than Q1 loss * Passenger numbers fell 42.4% yoy in June * Chinese airlines rolling out discount passes (Recasts with industry losses) BEIJING, July 10 (Reuters) - China’s aviation industry sank further into the red, losing 34.25 billion yuan ($4.89 billion) in the second quarter, only slightly narrower than in the first quarter, underlining the colossal financial impact from the coronavirus pandemic. In the first quarter the industry, which includes airlines, airports and other aviation companies, lost 38.1 billion yuan, according to data released by the Civil Aviation Administration of China (CAAC) on Friday. China’s aviation industry has been recovering faster than most countries emerging from the COVID lockdowns, underpinned by a steady recovery in the domestic travel market after the epidemic was largely brought under control. But passenger numbers showed the sector is still
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