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Air China tips US$5.5 billion annual loss from low travel demand
January 31st 2023
Air China has forewarned of a net loss of 37 billion yuan (US$5.5 billion) to 39.5 billion yuan for calendar 2022. Read More » The forecast will be a considerable increase over net losses of 16.6 billion yuan in calendar 2021. “In 2022, due to the continued impact of COVID-19 pandemic, passenger travel demand remained low,” Air China said in a regulatory filing to the Stock Exchange of Hong Kong. “The markets of the main bases of the company suffered repeated impacts from the pandemic.”
