Chinese Airlines Report $3 Billion Loss As Coronavirus Erodes Travel Demand

China's overall aviation industry recorded a loss of 24.59 billion yuan for the month, Zhang Qing, an official with Civil Aviation Administration of China, told a press conference.

Chinese Airlines Report $3 Billion Loss As Coronavirus Erodes Travel Demand

Coronavirus outbreak has spread to more than 100 countries.

Chinese airlines reported a total loss of 20.96 billion yuan ($3 billion) in February as the coronavirus epidemic spread and hit travel demand, the aviation regulator said on Thursday.

China's overall aviation industry recorded a loss of 24.59 billion yuan for the month, Zhang Qing, an official with Civil Aviation Administration of China, told a press conference.

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