GUANGZHOU -- China Eastern Airlines closed the books last year with a net loss of 12.2 billion yuan ($1.92 billion), the carrier going deeper into the red as the result of China's strict coronavirus rules limiting international flights.
The massive loss came as revenue climbed 14% to 67.1 billion yuan, according to Wednesday's earnings statement. Domestic flights benefited from the early success of China's "zero-COVID" policies. Passenger traffic for those routes rose 9% on the revival of vacations and business trips within the country.
