China airlines report $3 billion loss in Feb as virus erodes travel demand: regulator

China airlines report $3 billion loss in Feb as virus erodes travel demand: regulator


BEIJING (Reuters) – Chinese airlines reported a total loss of 20.96 billion yuan ($3 billion) in February as the coronavirus epidemic spread and hit travel demand, the aviation regulator said on Thursday.

China’s overall aviation industry recorded a loss of 24.59 billion yuan for the month, Zhang Qing, an official with Civil Aviation Administration of China, told a press conference.

Reporting by Stella Qiu and Se Young Lee; Editing by Himani Sarkar



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