Chinese majors post significant losses, Indian airlines remove capacity

The three major Chinese airlines, China Southern, China Eastern, and Air China released their full year 2020 results, with all of them posting more than $1 billion in net losses, despite a robust rebound in domestic traffic throughout 2020.

While capacity around the world has marginally decreased, week-on-week (w/w), from 63.2m seats to 62.3m seats, domestic capacity in Asia Pacific is inching closer to a return to figures last seen in January 2020. However, after weeks of growth, airlines in the US will fly a marginally reduced schedule, flying 447,000 less seats this week than they did the previous week. Overall, only Asia Pacific, the Middle East and Africa have increased capacity.

This report is an excerpt from Ishka’s Airline Credit Profiles (ACP) subscription-based service. It delivers ‘The Ishka View’ on the near-term performance of airlines under today’s extraordinary market circumstances. Drawing on the unique set of ACP’s data points, this report examines which airlines remain stronger credits in the weeks ahead, which airlines are on watch and which are seriously exposed to the ongoing impact of COVID-19.

 

Click here, or on the image, to read the full PDF report. 

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