Originally posted by WizzWaveSien
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Chongqing Airlines is part of China Southern.
As per SriLankan website, SriLankan Airlines is planning to resume PEK & PVG from 1st Jan 25.
China's leading state-owned airlines posted losses in the first half of the year, weighed down by a slower-than-expected rebound in international travel, domestic oversupply, and more intense competition as aviation capacity returns globally.
China's top three airlines - Air China (601111.SS)
China Southern Airlines (600029.SS)
China Eastern Airlines (600115.SS)
last reported annual net profits in 2019 before the COVID-19 pandemic took hold.
"Ticket prices in the domestic market have decreased year-on-year ... due to intensified competition in the domestic passenger transportation market, lower-than-expected recovery of some international markets, as well as the competition from high-speed rail," it said in a filing.
China's top three airlines - Air China (601111.SS)
China Southern Airlines (600029.SS)
China Eastern Airlines (600115.SS)
last reported annual net profits in 2019 before the COVID-19 pandemic took hold.
"Ticket prices in the domestic market have decreased year-on-year ... due to intensified competition in the domestic passenger transportation market, lower-than-expected recovery of some international markets, as well as the competition from high-speed rail," it said in a filing.
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