China State Airlines Find Out Home Is Where the Profits Are
- Overseas capacity expansion slowed at ’Big Three’ this year
- Air China, China Eastern, China Southern to report earnings
Officials and military personnel (R) wait for China's President Xi Jinping to disembark following his arrival at Hong Kong's international airport on June 29, 2017. Xi arrived in Hong Kong on June 29 to mark 20 years since it was handed back to China by Britain, with leading democracy activists already in police custody after a protest in the politically divided city. / AFP PHOTO / Anthony WALLACE (Photo credit should read ANTHONY WALLACE/AFP/Getty Images)
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For years, China’s three state-owned airlines kept adding flights on international routes to chase after a rising middle class that can afford to fly overseas. Now, they are slowing that down in favor of the local market.