Chinese civil aviation industry sees positive signs as airlines narrow losses

China Eastern, the third largest carrier in China has reported a reduction in loss from $1.3bn to $549bn in Q1 of 2023. China Southern’ airlines’ loss narrowed to $274.9 million from CNY4.496 billion in Q1 of 2022 while Air China cut its Q1 loss from CN 10.5 billion to CN 2.9 billion. All the three big airlines increased capacity and schedules significantly, with both domestic and international services in March 2023. Analysts at the investment bank China International Capital Corporation (CICC) have said that international travel will recover at a pace that might be faster than market expectations in Q2