Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Flights in China to increase 34% above pre-pandemic levels

Published 10/28/2023, 01:49 AM
Updated 10/28/2023, 03:35 AM
© Reuters. FILE PHOTO: An Air China plane is seen at the international airport in Beijing, China October 19, 2023. REUTERS/Edgar Su/File Photo

BEIJING (Reuters) -China's aviation regulator said it will increase domestic flights to 34% above pre-pandemic levels, a move that will further boost the recovery of Chinese airlines.

China's top airlines reported their first quarterly profitsin more than three years on Friday, fanning industry hopes for China's big three state carriers to finally step out of the difficulties brought by the COVID-19 pandemic.

The Civil Aviation Administration of China will roll out its winter and spring season flight plan on Sunday, which will last until March 30, according to the summary of a Friday press conference on the website of CAAC News, which is run by the aviation regulator.

There will be 96,651 domestic flights a week, or 34% higher than the same period four years ago, with 7,202 new weekly flights brought on by the opening of 516 new domestic routes.

The increase in domestic flights focuses on connections between regional and hub airports like Shanghai, Beijing and Guangzhou, the regulator said.

International flights, while slower to recover, are also picking up steam. In the next five months there will be 16,680 weekly flights, with passenger flights expected to reach 71% of the total four years ago.

© Reuters. FILE PHOTO: An Air China plane is seen at the international airport in Beijing, China October 19, 2023. REUTERS/Edgar Su/File Photo

Flights to and from 22 countries, including Britain and Italy, have neared or overtaken pre-pandemic levels, the regulator said.

In the winter and spring season, weekly direct passenger flights between China and the United States are expected to increase to 70 from 48, according to a post on Sunday on the CAAC News WeChat account.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.