March 12, 2020 / 4:48 AM / 25 days ago

China airlines report $3 billion loss in February as virus erodes travel demand - regulator

FILE PHOTO: A ground staff worker cleans a parked passenger aircraft of China Eastern Airlines at Beijing Capital International Airport as the country is hit by an outbreak of the novel coronavirus, China, March 9, 2020. REUTERS/Thomas Peter

BEIJING (Reuters) - 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.

Reporting by Stella Qiu and Se Young Lee; Editing by Himani Sarkar

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