Flight loads have surpassed pre-pandemic levels on high-density routes, but China’s carriers are still struggling to balance their books.

China’s airlines are stuck in a difficult paradox, according to a new industry report: while their passenger numbers have risen, they are struggling to secure profits as competition intensifies on the most common routes and a world-leading high-speed rail network offers an appealing alternative for many of the country’s travellers. In its report, Brazilian planemaker Embraer said that passenger volumes have surged past pre-pandemic levels – putting the government’s official goal of 1.5 billion…

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