China's big three airlines slide deeper into red on lockdowns

Movement restrictions disrupt industry lifeline of domestic travel

20220831N Air China

Air China had the worst first half among China's three major state-owned airlines, with its red ink nearly tripling from a year earlier. © Reuters

YUSUKE HINATA, Nikkei staff writer

GUANGZHOU -- China's three major state-owned airlines have widened their losses as a result of travel restrictions and lockdowns over COVID-19.

China Southern Airlines, Air China and China Eastern Airlines have logged a combined net loss of 49.6 billion yuan ($7.19 billion) for the first half, ballooning from the year-earlier 16.6 billion yuan. Revenue declined 32% to 84.1 billion yuan.

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