Chinese airlines turn to Asia as long-haul losses pile up
Chinese airlines are adding seats on short- and mid-range Asian flights in a strategic shift away from prestigious but loss-making North American routes to a market that promises better returns and growth. Over the past decade, the number of seats on US routes operated by China's top 3 state-owned carriers rose fourfold, but such breakneck expansion came at a price. The nation's international aviation industry has been in the red for at least 3 years, with losses reaching US$3.13b in 2018, according to recent China Air Transport Association data. In response, Chinese airlines are increasingly seeking growth closer to home. Out of 105 international routes that Chinese carriers plan to add to over 800 existing ones for the new winter-spring season, most focus on East Asia and Southeast Asia. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-11-21/general/chinese-airlines-turn-to-asia-as-long-haul-losses-pile-up
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Chinese airlines turn to Asia as long-haul losses pile up
Chinese airlines are adding seats on short- and mid-range Asian flights in a strategic shift away from prestigious but loss-making North American routes to a market that promises better returns and growth. Over the past decade, the number of seats on US routes operated by China's top 3 state-owned carriers rose fourfold, but such breakneck expansion came at a price. The nation's international aviation industry has been in the red for at least 3 years, with losses reaching US$3.13b in 2018, according to recent China Air Transport Association data. In response, Chinese airlines are increasingly seeking growth closer to home. Out of 105 international routes that Chinese carriers plan to add to over 800 existing ones for the new winter-spring season, most focus on East Asia and Southeast Asia. <br/>
