Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs

Airlines Reducing Services to China: Major global airlines, including Virgin Atlantic and Scandinavian Airlines, are withdrawing from China due to high operational costs and low demand, exacerbated by the closure of Russian airspace following the Ukraine invasion. Seven airlines have retreated in the last four months, with European carriers reallocating resources to more profitable routes.

Challenges for Chinese Airlines: Despite a significant increase in capacity for Chinese airlines to Europe, demand remains low, with domestic airlines also struggling financially. Analysts predict a long recovery for the Chinese aviation market, as evidenced by substantial losses reported by major airlines in recent years.