TOKYO — China’s three major state-owned airlines racked up losses in the first quarter of 2025, while U.S. President Donald Trump’s trade war has dimmed their outlook.
China Southern Airlines, the largest of the three in terms of passenger volume, reported Tuesday night that it suffered a net loss of 747 million yuan ($103 million) for the first three months, reversing from a net profit of 756 million yuan for the same period the year before. Quarterly revenue fell 2.7% on the year, to 43.4 billion yuan.
