Air China and China Southern Airlines on Friday narrowed losses in the second quarter after a hit from low Lunar New Year traffic, but domestic COVID-19 outbreaks and border closures are set to weigh on the rest of the year. Chinese airline stocks had tumbled following domestic COVID-19 outbreaks in late July that locked down some cities and closed airports, but rebounded recently as China has nearly halted local spread. Beijing-based Air China, the country's flag carrier, said its net loss attributable to shareholders narrowed to 578 million yuan ($89.27 million) from 6.2 billion yuan in the first quarter, taking first-half net loss to 6.8 billion yuan.
China Southern Airlines is reviewing the future of the five Airbus A380 superjumbos in its fleet, an executive said on Wednesday, at a time when many carriers are retiring the jets early because of the COVID-19 pandemic. "Not only for China Southern but also for many airlines we must be thinking about the A380," China Southern Senior Vice President International and Corporate Relations Wu Guoxiang said at a CAPA Centre for Aviation event. China Southern is the only Chinese A380 operator and is running only 10% of its overall pre-pandemic international capacity because of border restrictions, Wu said.
JetBlue (JBLU) is set to debut its revamped Mint cabins, featuring 24 private suites, on its London flights this summer.