Fuel shock bites as China's top 3 airlines post heavy H1 losses

AI Summary

China's top three state-owned airlines reported losses for the seventh consecutive year in the first half, primarily due to soaring jet fuel costs and a weak summer travel season. The financial strain highlights ongoing challenges in the aviation sector amid rising operational expenses.

China's three largest state-owned airlines posted first-half losses for the seventh straight year, hit by soaring jet fuel costs, with a weak summer season dimming the outlook...