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Losses of Chinese air carriers are estimated at 14.3 billion dollars

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Losses of Chinese air carriers are estimated at 14.3 billion dollars
March 02
13:00 2020

Experts have estimated that by May this year, Chinese civil air transportation will have lost about 100 billion yuan due to coronavirus, which has had a very negative impact on the number of passengers. This is approximately $ 14.3 billion. The authoritative Chinese newspaper 21 Shiji Jinji Daobao has published this information on their pages.

Last month, losses amounted to 37 billion yuan (or $ 5.4 billion). If the deadly virus continues to spread, then the negative effect on the industry will continue, and therefore in April-May the losses can reach 100 billion yuan.

The publication provides screenshots of plane tickets for Shenzhen Airlines flights from Shenzhen to Chengdu, which cost 5 yuan. This means that the ticket costs slightly less than one dollar.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company
UFT Group

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