ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Transportation

Resilient Chinese exports lift airlines, shipping lines and ports

COVID slashed 2020 passenger numbers, but strong cargo demand helped

Robust cargo shipments last year were a boon for China's big state-owned airlines, shippers, logistics service suppliers and port operators. (Source photos by Reuters and Getty Images)

HONG KONG -- China's big three state-owned airlines were not spared when the coronavirus pandemic devastated the global travel industry. Together they racked up 2020 net losses totaling about $5.7 billion, even after an early recovery in domestic traffic.

But robust cargo shipments eased the financial pain. Global trade got a boost from increased demand for goods ordered by consumers buying from home, as lockdowns and restrictions to stop the spread of COVID-19 came into force worldwide. 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more