Asia/Pacific

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

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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, a...

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