HONG KONG -- While benefiting from a faster recovery in domestic travel than other international carriers, China's three big state-owned airlines warned Friday that they expect combined net losses of up to $6 billion for 2020.
Despite heavy hit, state-owned trio poised to top global air passenger ranking
A China Southern Airlines Airbus A380 plane to Guangzhou prepares for takeoff at Daxing International airport in Beijing. © Reuters
HONG KONG -- While benefiting from a faster recovery in domestic travel than other international carriers, China's three big state-owned airlines warned Friday that they expect combined net losses of up to $6 billion for 2020.