AIRYY - China's 3 Major Airlines Ready For Post-COVID Recovery After CNY 37 Billion Net Loss In 2020
- China Southern Airlines, China Eastern Airlines, and Air China released their 2020 annual performance results, reporting a combined loss of CNY 37.1 billion.
- Of the three, China Southern Airlines suffered the least adverse impact from the coronavirus pandemic last year.
- Orienting in different directions, the three companies are all demonstrating ongoing recovery.
- Being at the initial stage of their recovery strategies implementation, these three companies are rated neutral at the moment.
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China's 3 Major Airlines Ready For Post-COVID Recovery After CNY 37 Billion Net Loss In 2020