Total losses at China's "big three" state-owned airlines in 2022 ballooned to nearly 109 billion yuan ($15.8 billion) as COVID-19 restrictions upended travel and sent passenger numbers tumbling, their latest annual reports show.
Caixin
China's 'Big Three' airlines reported sky-high losses in 2022
COVID, costly fuel and exchange rate fluctuations worsened combined deficit
A worker near an Air China plane at Beijing Capital International Airport on Jan. 6. © Reuters
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