[EpochTimesAugust292021]On the evening of August 27, among the three major state-owned airlines in China, Air China and China Southern Airlines successively disclosed semi-annual reports. Among them, Air China’s net loss exceeded 6.7 billion yuan (RMB, the same below), and China Southern Airlines’ net loss exceeded 4.6 billion yuan. The industry-wide loss decreased by 44.98 billion yuan year-on-year.
In the first half of 2021, Air China achieved operating income of 37.664 billion yuan, with a net profit loss of 6.786 billion yuan attributable to the parent, and a net loss of 9.441 billion yuan in the same period last year; China Southern Airlines’ operating income in the first half of the year was 51.576 billion yuan and a net profit loss attributable to the parent of 4.688 billion yuan. , A net loss of 8.174 billion yuan in the same period last year. China Eastern Airlines has not yet announced the latest results.
The semi-annual report shows that both Air China and China Southern Airlines have narrowed their losses compared with the same period last year. However, the losses of the two airlines during the period were still at the level of billions, both of which were the second-highest semi-annual losses in their respective history.
According to relevant data from the Civil Aviation Administration of China, in the first half of 2021, the domestic civil aviation market showed a recovery trend. However, as the epidemic repeated in many places, the recovery of civil aviation has been frustrated since June.
In the first half of 2021, the industry-wide loss decreased by 44.98 billion yuan year-on-year, and the passenger traffic volume was 245 million, which was 76.2% of the same period in 2019.
“Securities Times” reported that regarding the follow-up trend of the aviation industry, China Southern Airlines stated in its semi-annual report that looking forward to the future, the epidemic is still the biggest uncertain factor affecting the recovery of the air transportation industry.
In April of this year, Air China, China Southern Airlines and China Eastern Airlines’ first-quarter 2021 financial reports fully disclosed that the three companies had a combined loss of 14.019 billion yuan, with an average daily loss of about 156 million yuan. The three companies attributed their losses to the impact of the CCP virus (Wuhan pneumonia) epidemic.
The 2020 results released by the three major Chinese airlines in March this year showed that the three companies lost more than 37 billion yuan last year, becoming the annual loss king in the A-share market at that time.
Editor in charge: Li Bing#
.