In 2024, the industry reduced its losses by 20.6 billion yuan (US$2.8 billion) from the previous year and recorded a 25 per cent increase in total traffic, Civil Aviation Administration of China (CAAC) Administrator Song Zhiyong announced at an industry work conference on Thursday.
This reduction, he said, was enough to bring the sector out of negative figures.
Further improving profitability and transporting 780 million passengers have been set as headline goals for civil aviation in 2025.
In a report last year, state news agency Xinhua said the sector would transition from explosive post-pandemic recovery to steady growth in 2024, with “returning to profitability” identified as a major benchmark for performance.
Last year, the industry transported a record 730 million passengers, Song said, well above the forecast of 690 million made at an industry conference in early 2024.
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