China’s major airlines on Friday night reported estimated huge losses in the first half of 2022, as repeated COVID outbreaks throughout the country curb the willingness of the country’s citizens to travel, and the surging fuel prices inflate the airlines’ costs.
Shanghai-based China Eastern Airlines said the estimated loss in the first half of 2022 would be 17 billion to 19.5 billion yuan ($2.5 billion to $2.9 billion). This is more than the 12.2 billion yuan ($1.8 billion) in the whole…