(File photo)The Covid-19 pandemic, with its lockdowns and travel bans, clobbered the world’s airlines. The Chinese market is similarly carved up between a few big carriers – Air China, China Southern and China Eastern. (File photo)The domestic rebound and growing confidence have helped American and Chinese airlines raise cash and avoid protracted state support. In March American Airlines tapped the market for US$10bn (NZ$14.2bn) in debt, most of which went on repaying government loans. It is possible that network companies with passable finances and a good record, like Singapore Airlines, could eventually fly high again once international travel resumes.

Source: Stuff July 07, 2021 23:48 UTC