China’s airlines lost an estimated Rmb20.96bn ($3bn) in February, according to the country’s regulator, as the coronavirus outbreak led to a collapse in air travel.
The number of passengers travelling by plane fell 84.5 per cent year-on-year to 8.34m for the month, the Civil Aviation Administration of China said on Thursday.
Beijing imposed strict controls on the movement of people in January and locked down entire cities in a bid to limit the spread of the virus. The first two months of the year are the busiest time for travel in China as workers return home for the lunar new year.
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