2354 GMT [Dow Jones]--Air China revenue was close to double for the first quarter from a year earlier as the airline industry benefits from the travel and tourism recovery after China reopened. The company said Wednesday that revenue climbed 94% to CNY25.07 billion ($3.62 billion). That makes the net loss 2.93 billion yuan in the quarter, narrowed from CNY8.90 billion in the same period last year. The Chinese flagship carrier reported sky-high losses in 2022 as the country imposed strict Covid-19 control, imposing mobility restrictions to limit the spread of the virus. Net loss in full-year 2022 reached CNY38.62 billion.

Source: Wall Street Journal April 27, 2023 08:56 UTC