China’s aviation sector in clear skies of profit after 4 turbulent years

Quick Summary:

Civil aviation in China returned to profitability in 2024, the industry’s first positive return after four years of pandemic-induced losses.

Last year, the industry transported a record 730 million passengers, Song said, well above the forecast of 690 million made at an industry conference in early 2024.

This reduction, he said, was enough to bring the sector out of negative figures.

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Article Details

Author / Journalist: Daisy Wu

Category: Business

Markets: Hong KongChina

Topics: 2024 Civil Pandemic Aviation Growth Losses Million Year Industry China’s Last

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 20:30:13 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 236 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25036593

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