CAAC: Chinese airlines report USD3bn in losses in Feb-2020

    CAAC reported China‘s civil aviation recorded its largest monthly loss of CNY24.6 billion (USD3.5 billion) in Feb-2020, including CNY21 billion (USD3 billion) in losses for the country’s airlines (Carnoc.com, 12-Mar-2020). The overall industry losses for the first two months of 2020 reached CNY17.6 billion (USD2.5 billion).