Air China(AIRYY) - 2020 Q4 - Earnings Call Presentation

A STAR ALLIANCE MEMBER V 中国国际航空股份有限公司 二零二零年度业绩发布 AIR CHINA LIMITED 2020 ANNUAL RESULTS Part 4 Financial Analysis Part 1 Industry Environment Contents Part 3 Operational Highlights Part 5 Outlook Part 2 Performance Summary 01 Industry Environment Overview of international aviation transport industry In 2020, due to the impact of the COVID-19 pandemic on global airlines, global air transport volume fell sharply, issued of aircraft grounded and lack of operating capital, doubled the operating pressure of enter ...