In 2024, China's civil aviation faces increased passenger numbers but declining profits, hindered by falling ticket prices and rising operational costs. Data shows a 17% drop in domestic ticket prices and a 25.37% fall in international fares year-over-year, despite a 23.5% increase in passenger traffic. Competitive pressures from high-speed rail and geopolitical issues, like the Russia-Ukraine conflict, further impact airline profitability, causing significant industry losses.

First of Comac’s long-gestating C919 narrowbody jetliners is handed over to China Eastern for a short flight in Shanghai

Funds from as many as 35 selected investors will go to buy 22 new planes and supplement operating capital

To fund its fleet expansion, the airline plans to raise capital by selling A-shares to a group of up to 35 investors

Experts from the National Transportation Safety Board and Boeing are en route to China to assist with probe of disaster that killed all 132 on board

Rescuers found the second black box of China Eastern Airlines jet on Sunday at the crash site in Teng county in South China’s Guangxi Zhuang autonomous region. The black box, which contains data such as the speed and altitude of the plane, was sent to be decoded in Beijing on Sunday. The rescue team held a memorial that afternoon to mourn the 132 people who were aboard the flight when it crashed

CAAC probes why a China Eastern plane with 132 on board fell out of the sky with no ready explanation, leaving a cloud of smoke and a field of debris

Until flight MU5735, Chinese carriers hadn’t suffered a deadly crash since 2010

Several companies including Ping An and China Life have launched an emergency response to help get compensation to victims

Potential grounding of over 1,000 Boeing jets further dimmed the outlook for the beleaguered sector

Air China, China Eastern, Hainan Airlines and China Southern attributed their losses to sluggish demand for travel, higher fuel costs and exchange rate fluctuations

Shanghai airline’s contribution could lift its holding in the debt-stricken carrier to 10%

New joint venture will bring together a leading airline with a top wireless carrier, as China pushes for greater coverage aboard its commercial air fleet

Four state-backed companies will acquire almost a third of the airline giant, easing its debt burden amid the Covid-19 business slump

The coronavirus pandemic, which froze business and leisure travel, has hammered the domestic airline industry

Pilot program to make big state-run enterprises more dynamic differs from previous efforts by selling stakes to strategic investors

Private investors to inject business vigor, but it's unclear whether new shareholders can shake up state-backed telecom carrier

China National Gold Group becomes latest state-run firm to accept private investors with plans to sell 41% of its jewelry unit

Online travel agency looks to tackle tourism market dominated by entrenched offline opponents