China’s aviation regulator wants passenger traffic to reach around 75% of pre-pandemic levels in 2023, up from 38% last year when the since-abandoned zero-COVID policy led to domestic lockdowns and kept the border closed, state media reported on Friday.
The Chinese airline industry should also strive to break even this year, said the regulator, the Civil Aviation Administration of China, according to broadcaster CCTV.
China’s major state-owned airlines have reported billions of dollars of losses for the first three quarters of 2022.
Fourth-quarter results have not been released yet but they are also expected to be poor, according to analysts, as the dismantling of the zero-COVID regime did not occur until the end of the quarter…
