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Stock impact report

China's carriers including Air China plan to reduce international flights amid coronavirus - Global Times [Reuters]

China Southern Airlines Company Limited (ZNH) 
US:NYSE Investor Relations: csair.com/en/about/investor
Company Research Source: Reuters
China's carriers including Air China plan to reduce international flights amid coronavirus - Global Times March 16 (Reuters) - China’s carriers including Air China, China Southern Airlines and China Eastern Airlines are planning to reduce international flights as part of anti-epidemic efforts, the Global Times reported on Monday, citing unnamed sources. China’s aviation industry is one of the worst-affected by the epidemic, following travel curbs by nations fearing contagion and cancellations by airlines on shrivelling demand. Chinese airlines reported a total loss of 20.96 billion yuan ($2.99 billion) in February as the coronavirus epidemic spread and hit travel demand, Civil Aviation Administration of China said last week. ($1 = 7.0176 Chinese yuan renminbi) (Reporting by Rama Venkat in Bengaluru) Show less Read more
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