This has become evident in our airline customers' better earnings and cash flow during the first half of 2022, which has sustained our collections, as these rose to 97% from 96% the previous year. We expect further recovery when China and Japan fully resume international travel. According to the International Air Transport Association, total global passenger traffic rose 83% in the six months to June 2022 compared with the prior year and has now reached 71% of 2019 levels, with the recovery most notable in the Americas, Western Europe and the Middle East. In the first half of 2022, we saw robust recovery in the world's airline and travel sectors. This is the same proportion of net profit after tax that we distributed as an interim dividend in prior years and demonstrates the Group's strong cash flow and the Board's confidence in the strength of its underlying business. The Board of Directors has approved a distribution of US$0.0889 per share by way of interim dividend, which represents 30% of our core net profit after tax. Including the write-down, we reported a net loss after tax of US$313 million or a loss per share of US$0.45.
BOC Aviation recorded core net profit after tax of US$206 million in the first half of 2022, excluding the impact of the write-down of the net book value of the 17 aircraft that remain in Russia.
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