HONG KONG -- China's major state airlines continue to rack up losses and trail their regional peers, even as the country's major airport operators reap benefits of returning passenger traffic.
In the run-up to the Lunar New Year holidays starting this week, Shanghai-based China Eastern Airlines said its net loss last year could reach up to 4.3 billion yuan ($592 million). That would once again make it the biggest loser among the big three carriers.
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