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

Movement restrictions disrupt industry lifeline of domestic travel

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

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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