China’s three biggest airlines on Tuesday reported weaker results for the final quarter of 2020 on asset impairments though some analysts still expect a rebound this year as domestic travel rises. China Southern fell to a Q4 net loss of 3.38b yuan ($514.37m) after a Q3 profit. It booked a 2020 loss of 10.8b yuan after impairments on planes, engines and other equipment of 4b, with much of its international fleet still grounded due to COVID-19 travel restrictions. Air China said its net loss widened to 4.3b yuan in Q4 from 671m yuan in the third, taking its full-year loss to 14.4b yuan. China Eastern said its net loss widened 2.7b yuan from 563m, spelling a full-year loss of 11.8b yuan. China’s domestic air travel market has quietly overtaken the once-dominant US market in size during the pandemic. But multiple coronavirus outbreaks before last month’s Lunar New Year halted the rebound and could lead to Q1 losses, analysts said. Now, with temporary testing and quarantine restrictions once again lifted, airfares are rebounding to pre-pandemic levels, bolstering the bottom lines for Chinese airlines despite rising fuel prices and somewhat a weaker currency.<br/>