Air China Records $1.5bn Loss For The First Half Of 2020 - Simple Flying
Very few airlines will be looking at their first-half financials with hope. There might be optimism but after the outbreak of COVID-19 all but shut down air travel, revenue streams have been cut.
Airlines in Asia were some of the first to feel the effects, particularly those in China. Now, Air China has announced that it experienced a $1.5bn loss in the period between January 1st and June 30th. The majority of its losses it attributes to the pandemic which it said had,
"negative impacts to the global economy, business environment, and directly
Unfortunately, COVID has not abated; therefore the next final half year might not be different either! Optimism for the next year's would keep them afloat to navigate to profits subsequently!!