First Half Year Financial Results for 2020

COVID-19: Severe Impact on the Global Airline Industry A slump in air travel demand due to COVID-19 pandemic which has forced airlines to cut flights. RPKs Air Passengers Airport Revenue Freighter Tonnes YoY% YoY% YoY% YoY% -55% -60% -57% -17% IATA forecasted airlines across the world are expected to lose USD 84.3 billion in 2020. CHINA AIRLINES Source: ICAO IATA ACI - UNWTO 12

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