Air China books first half year loss

Air China has reported a loss for the first six months of 2023. The airline booked revenue of RMB 59.6bn (US$8.2 billion) – an increase of nearly 2.5x over the same period last year – and narrowed its net loss to RMB4.043bn (US$557 million) compared to RMB22.2bn in the prior-year period.   On a group basis for Air China airlines – Shenzhen Airlines, Shandong Airlines (acquired in March 2023), Air Macau, Beijing Airlines, Dalian Airlines and Air China inner Mongolia – traffic was up during the six month period – rising 200% to 90.8million RPKs. Capacity was also up by