Although civil aviation transportation in China is currently recovering well, airlines still suffered from losses in the first quarter of this year, China’s civil aviation regulator said on Friday.
Airlines still incurred losses in the first quarter of this year, but the extent of their losses has narrowed compared with the same period last year, Civil Aviation Administration of China (CAAC) said.
In the first quarter, airlines’ cumulative operating income was 87.88 billion yuan（$13.47 billion）, a year-on-year decrease of 1.1 percent, and a cumulative loss of 30.05 billion yuan was recorded, a year-on-year decrease of 4.58 billion yuan, official data showed.
In detail, there was a loss of 10.48 billion yuan in January, followed by a loss of 11.61 billion yuan in February, and a loss of 7.96 billion yuan in March.
Bao Yi, an official from CAAC said that the overall recovery momentum of the industry continues to improve, but it is also facing some pressure, including some fluctuations in regional air travel demand brought by spotted COVID19 cases.
He said passenger traffic on international routes remains low, which is also a threat for its performance.
However, domestic demand is still in an upward trend. The total monthly turnover of civil aviation transportation from January to March recovered to 59.8 percent, 52.1 percent, and 83.7 percent of the same period in 2019, respectively.
Passengers at Wuhan Tianhe International Airport (Photo: Xu Keyue/GT)
