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.

China Southern Airlines expects to take delivery of 78 aircraft in total through 2024, down from 181 previously forecast

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

The companies have until Sept. 29 to take corrective measures for misleading customers and excessive collection of information

International Air Transport Association’s mobile app launched in March shows verified virus tests and vaccinations as 70 airlines sign up to give it a try

China’s top regulators plan to hold talks with Ant Group. Sina is one step closer to delisting from the Nasdaq exchange

As part of sectors’ ‘mixed ownership reform,’ airline sells two-fifths stake to seven investors

Guangzhou-London route is first to be suspended by a Chinese airline since Britain reported an even more highly contagious Covid-19

Beijing had pushed to consolidate the three, but met resistance

Taiwan semiconductor manufacturer plans to build a $12 billion plant in Arizona; Tesla will reportedly launch a low-cost battery for its Shanghai-built cars

Russia’s prime minister steps down with coronavirus; China clears pilot test of REITs to spur economy; BOC told to probe failed crude oil investment product

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

The Doha-based carrier has quietly become the second-largest shareholder in China’s largest airline over a period of months

Aviation regulator’s industry plan says country should have 450 by 2035

Spring Airlines says tie-up offers chance to expand low-cost services

Airline to add new Beijing hub to Guangzhou base to attract international travelers

Coins tossed for luck by 80-year-old passenger result in almost six-hour delay in Shanghai to check $50 million jet engine