China’s Biggest Airlines Post Over $1 Billion Loss in First Half as Fuel Shock Bites

China's three largest state-owned airlines collectively suffered over $1 billion in losses during the first half of the year, primarily due to weak domestic pricing and soaring fuel costs linked to the ongoing Middle East conflict. This financial downturn highlights the broader economic impact of geopolitical tensions on global aviation. The losses underscore the airlines' struggles in balancing operational costs amid fluctuating fuel prices, signaling potential challenges for the industry as it navigates these turbulent times.