29 Mar 2021

China Aviation Industry Newsletter 29 March

China airfares rebound in potential rehearsal for global recovery The global tourism industry's attention is riveted on China's new travel patterns as it brings COVID-19 under control and lifts curbs on movement. Economy-class airfares for trips over the Labour Day holiday in early May have risen 11% compared with 2019 levels, says Ctrip, run by online travel giant Trip.com Group. transportation analyst at BOCOM International in Hong Kong Luya You said "It seems like demand has really caught up with capacity once again and airlines are deciding discounts are no longer needed to stimulate demand." Chinese airlines plan more seasonal domestic flights Chinese airlines have added more domestic flights to their schedules for the upcoming summer-autumn aviation season announced Civil Aviation Administration of China (CAAC). For the Summer-Autumn season from 28 March to 30 October planned are 92,756 domestic flights per week, up by 10.7 %. China plans to add over 30 civil airports in 3 years China plans to add more than 30 civil airports within three years as part of efforts to improve its transportation network announced vice transport minister Wang Zhiqing. This forms a key element of China’s efforts to promote high-quality development of civil aviation during the 14th Five-Year Plan (2021-2025) period. Chinese regulator vows to build passenger traffic back to 90% of pre-pandemic levels Chinese civil aviation regulator vows to build passenger traffic back to around 90% of pre-pandemic levels, while aiming to reduce losses and increase profits for aviation companies. Wu Shijie, an official from Civil Aviation Administration of China (CAAC) said during an media briefing that the passenger traffic in February was 23.95 million trips, a growth of 187.1% than the same period last year. Travel platform qunar.com data shows that the current domestic air ticket bookings during the Qingming Festival which falls on 4th April , are close to the level of the same period in 2019. China to see 20% more weekly domestic flights than in 2019 China continues to see an strong rebound in domestic traffic pointing to a fast recovery industry data shows that the number of weekly domestic flights will be much higher than the year before the epidemic. The overall weekly flights will reach 117,212, a year-on-year increase of 7.1%, of which domestic routes will grow significantly, with weekly flights increasing by 10.2% and 19.4% than in 2019 according to data from VariFlight. Acumen Aviation © 29 March 2021 All Rights Reserved.