China's aviation industry suffers US$4.9b loss in 2Q on Covid-19 jolt


China Eastern Airlines is the first in June to sell "fly at will" flight passes for unlimited weekend domestic travel until the end of the year.

BEIJING: China's aviation industry sank further into the red, losing 34.25 billion yuan ($4.89 billion) in the second quarter, only slightly narrower than in the first quarter, underlining the colossal financial impact from the coronavirus pandemic.

In the first quarter the industry, which includes airlines, airports and other aviation companies, lost 38.1 billion yuan, according to data released by the Civil Aviation Administration of China (CAAC) on Friday.

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