Chinese airlines may have lost 10 billion yuan in February, signs of recovery emerging as businesses resume

 

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Chinese airlines have been hard hit by the coronavirus outbreak, with people cancelling trips to contain the epidemic. Industry watchers say the sector may have made more than 10 billion yuan losses last month.

However, they noted that China's domestic civil aviation market are showing signs of recovery as people are traveling back to their workplaces after an extended Lunar New Year holiday.

Chinese carriers are offering aggressive discounts to attract passengers. A one-way direct trip from Shanghai to Chengdu on the low-cost carrier Juneyao Airlines Co. this Saturday costs just 90 . . .

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