China airlines report $3 billion loss in Feb as virus erodes travel demand

Other News Materials 12 March 2020 09:45 (UTC +04:00)

Chinese airlines reported a total loss of 20.96 billion yuan ($3 billion) in February as the coronavirus epidemic spread and hit travel demand, the aviation regulator said on Thursday, Trend reports with reference to Reuters.

China’s overall aviation industry recorded a loss of 24.59 billion yuan for the month, Zhang Qing, an official with Civil Aviation Administration of China, told a press conference.