TOKYO -- China's three major state-owned airlines racked up losses in the first quarter of 2025, while U.S. President Donald Trump's trade war has dimmed their outlook.
Transportation
China state airlines stuck in red as trade war darkens skies ahead
Trump tariffs could dampen passenger and cargo demand, analysts warn
China Southern Airlines and Air China planes are pictured at Tokyo's Haneda airport. All three of the country's state-owned carriers are mired in a slump. (Photo by Konosuke Urata)
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