China’s three largest airlines have raised an unprecedented 90.5 billion yuan in short-term bonds since the outbreak of coronavirus.
To help the plan, Singapore and China are looking to enhance commercial civil aviation links.
There is potential for further recovery when restrictions are removed.
The worse is yet to come as Trip.com Group projected net revenue to drop by 67%-77% in Q2; TravelSky sells a stake in its consumer-facing app to China Southern Airlines.
Trip.com Group posted a 62% drop in accommodation and a 29% decrease in transportation; Global travel disruptions are the top concern for American businesses in China.
International transportation accounts for 50% of Trip.com Group's total transportation revenue, so transportation will be more vulnerable to the COVID-19 impact than hotels will.
Throughout March and April, air travel continued to pick up slowly until it received a fillip from the Labor Day holiday at the start of May.
CAAC is allowing domestic and foreign airlines to apply for “green channels” for chartered flights to China.
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