China’s two largest airways reported losses for the complete yr 2023 as tepid worldwide journey demand hit their companies.
China Southern Airways Co. mentioned it expects a web lack of three.5 billion yuan ($487.three million) to four.7 billion yuan for the 12 months to Dec. 31 as a result of gradual restoration of worldwide passenger flights. extra provide within the home market and excessive oil costs. , the Guangzhou-based airline mentioned in an alternate doc on Friday.