China's aviation industry suffers $4.9 billion loss in second quarter on coronavirus jolt

  • 📰 Reuters
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

China's aviation industry sank further into the red, losing 34.25 billion yuan ($4.89 billion) in the second quarter, only slightly narrower than in the first quarter, underlining the colossal financial impact from the coronavirus pandemic.

FILE PHOTO: China Eastern Airlines aircraft are seen parked on the tarmac in Hongqiao International Airport in Shanghai, following the coronavirus disease outbreak, China June 4, 2020. REUTERS/Aly Song

In the first quarter the industry, which includes airlines, airports and other aviation companies, lost 38.1 billion yuan, according to data released by the Civil Aviation Administration of China on Friday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Great. Btw, do its airports operate properly & safely during flooding & hail storm in recent month?

Hey askin for help is anyone willing to donate a $1 to my sister, nephew & I, I lost both my jobs due to COVID I filed for unemployment but waitin for the benefit and we dont have any food & bills comin up if you can help we would be super grateful Venmo or Cashapp MattMartins147

Screw China!

That's a good thing.

Good. They need to pay back to the world for the mess they have created.

Only China?!

Good.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Pokémon Go' players have spent nearly $4 billion in 4 years - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. You mean, sad gits spent nearly $4 billion....
Source: BusinessInsider - 🏆 729. / 51 Read more »