Following "Fly as You Want on Weekends"、After "Fly sooner or later"，September 10，China Eastern Airlines’ “Fly to the West” and “Fly to the Bay Area” are launched simultaneously，Stimulate market demand。

To September，The international epidemic situation remains severe，The "fancy self-rescue" of various airlines is also being carried out。So three、Can the aviation industry "fly" out of trouble in the fourth quarter？

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grounded、Bankruptcy、Air ticket price......Experienced the severe impact of the epidemic，The aviation industry at home and abroad was once "suspended"，Domestic airlines also suffered heavy losses in the first half of the year。

End of August，8 listed airline companies have disclosed their semi-annual reports，The actual operations of domestic airlines in the first half of the year were also announced。

Air China semi-annual report shows，The company achieved operating income of 296 in the first half of the year.4.6 billion yuan，Decrease of 54 year-on-year.61%；Net loss attributable to shareholders of listed companies 94.4.1 billion yuan，Net profit for the same period last year was 31.3.9 billion yuan。

China Eastern Airlines achieved operating income of 251 in the first half of the year.300 million yuan，The net profit attributable to shareholders of listed companies is -85.400 million yuan。

China Southern Airlines achieved operating income 188bet online sports betting of 389 in the first half of the year.6.4 billion yuan，46 year-on-year decrease.58%；Net profit attributable to shareholders of listed companies is loss 81.7.4 billion yuan。

Since the outbreak，More than 20 airlines around the world have filed for bankruptcy protection。The domestic civil aviation industry has also suffered a serious impact，Passenger traffic plummeted，Airline operating efficiency dropped sharply。

It is reported，In passenger transportation，China Eastern Airlines completed a total transportation turnover of 45 in the first half of the year.6.2 billion ton kilometers，Passenger transportation volume 2573.690,000 people，Decreased by 58 year-on-year respectively.28%、59.83%。

China Eastern Airlines said，Passenger revenue in the first half of the year decreased by 56% year-on-year.12%，Mainly affected by the epidemic，Insufficient travel demand from tourists，Due to the significant decrease in passenger transport volume。And freight and mail revenue is RMB 76.6.7 billion yuan，Increase 73 year-on-year.89%，Mainly affected by the epidemic，Due to the strong demand for freight, especially international freight。

Except the three major airlines，China.com financial reporter combed and found，Hainan Airlines’ net profit loss in the first half of the year was 118.7.5 billion yuan，Spring Airlines lost 4.0.9 billion yuan、Juneyao Airlines lost 6.7.5 billion yuan、China Airlines net profit 0.0.8 billion yuan、Shandong Airlines lost 12.96。HNA lost the most，China Airlines made a slight profit。

Why China Airlines can achieve a basic balance between profits and losses？With industry analysis，With fewer international routes，It is closely related to the early resumption of production and work of domestic branch lines that have been deeply cultivated。

International 188bet Online Sports Betting and Casino airlines，According to media reports，Delta Airlines、American Airlines、Major U.S. airlines such as Southwest Airlines and United Airlines reported billions of dollars in losses in the second quarter。Wall Street expects US airlines to lose about 80% of revenue in the third quarter。

Stephen Trent, senior aviation analyst at Citibank, said: "The recovery of the aviation industry will be gradual，But not balanced。Stronger airlines may downsize and become smaller airlines over a period of time，And weaker airlines may not survive at all。”

The Chinese market is slowly recovering and it is expected that the global aviation industry will "slow down" in 2024

According to IATA (International Air Transport Association) statistics，Global air passenger demand continues to decline in July 2020，Decreased by 79 compared to July 2019.8%，But thanks to the recovery of domestic markets in China and Russia，Slightly better than the year-on-year decrease in June (86.6%)。The reopening of the Schengen area market will help boost international passenger traffic in Europe，But other international markets have not changed much compared with June。Capacity decreased by 70% year-on-year in 2019.1%，Passenger load factor in July 57.9%。

Alexandre de Juniac, IATA’s Director General and CEO, said: “The demand crisis continues in July，Little relief。With four out of five air travelers staying home，The aviation industry remains largely paralyzed。”

According to Bloomberg，Judging from the usage of Airbus aircraft，The global aviation market has seen a temporary recovery，And this recovery depends on China。At the same time，As airlines adjust to adapt to lack of demand，Wide-body aircraft will still face challenges。Currently，China’s tourism industry rebounds，While the rest of the world 188bet app is in trouble。Although other areas of the global economy are improving，But the aviation industry is still in deep downturn，Hard to get rid of。

From the perspective of the development of the domestic aviation industry in the first half of the year，Civil Aviation Administration data display，July，China’s civil aviation transportation production continues to show a rebound trend，Total transportation turnover completed 68.800 million ton kilometers，Decreased by 39 year-on-year.3%，The decline narrowed by 3 compared with the previous month.4 percentage points；Complete passenger transport volume of 39.1 million，34 year-on-year decrease.1%，The decline narrowed by 8 compared with the previous month.3 percentage points；Complete cargo and mail transportation volume 55.20,000 tons，10 year-on-year decrease.4%，The decrease increased by 4 compared with the previous month.7 percentage points，Among them，All cargo aircraft cargo and mail transportation volume continues to maintain rapid growth，22 completed in total.90,000 tons，20 year-on-year increase.4%。

Wu Shijie, deputy director of the Aviation Safety Office of the Civil Aviation Administration, previously pointed out at the press conference，Resumption of international flights，As of August 12th，A total of 93 Chinese and foreign airlines (19 domestic airlines)，74 foreign airlines) operate 187 regular international passenger routes，210 round-trip flights per week，Maintaining regular passenger services with 50 countries。A more severe period of the epidemic，Regulated passenger flights have resumed with 20 countries。

For the future development trend of the aviation industry，IATA previous forecast，Global air passenger demand may fall by 54% year-on-year in 2020.7%，Among them, the annual passenger demand in the 188bet app Asia-Pacific region decreased by 53% year-on-year.8%，Full-year passenger demand in North America fell by 52% year-on-year.6%，Full-year passenger demand in Europe fell by 56% year-on-year.4%。

Noted by China Net Finance，Domestic airlines are not optimistic about their performance forecast for the second half of the year。Air China said，In view of the uncertainty of the development of the epidemic and its serious impact on the civil aviation transportation industry，It is expected that the group’s performance from the beginning of the year to the end of the next reporting period will be significantly affected。

Airlines such as China Eastern Airlines and China Southern Airlines also mentioned it in their semi-annual reports，If the impact of the epidemic on the global aviation industry continues into the next reporting period，It is expected that the epidemic will bring significant uncertainty and adverse effects to the company’s operating performance in the third quarter and second half of 2020。

When will the aviation industry “slow down”？IATA thinks，January to July this year only，About 7.5 million flights have been canceled worldwide，Causing the aviation industry to lose approximately US$84 billion。Expected until at least 2024，Global air passenger volume will return to the level before the COVID-19 outbreak。 

*Source of this article: China Net Finance, author：Chang Shuaishuai, original title:《From grounding huge losses to "fancy self-rescue", when will the aviation industry "fly" out of trouble？》.