CAAC – Chinese aviation industry incurred loss of $31.44bn in 2022

The Chinese aviation industry witnessed a loss of $ 31.44 bn (217.44 billion yuan) in 2022 an increase of 137.46 bn yuan from 2021, as per the Civil Aviation Administration of China (CAAC) report. The operating income of airlines was 336.48 billion yuan, a decrease of 20.5% from the previous year, and the loss was 177.12 billion yuan, an increased loss of 114.34 billion yuan from the previous year, the report said. The depth and persistence of the impact of the epidemic on civil aviation transportation was far exceeding expectations, the CAAC said in the report. The domestic transport volume