China's domestic aviation recovers, but only mildly, from virus shutdowns [Reuters]
China Southern Airlines Company Limited (ZNH)
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Source: Reuters
China's domestic aviation recovers, but only mildly, from virus shutdowns BEIJING/SYDNEY (Reuters) - China’s domestic flights rose by about a fifth in March from the previous month, the aviation regulator said, but that was still less than half the flights before the shutdowns due to the coronavirus, showing the sector is recovering only gradually. The number of daily flights climbed 20.5% in March to 6,533, Jin Junhao, an official at the Civil Aviation Administration of China (CAAC), told a press conference on Thursday. That was still just 42% of the daily flights before the coronavirus struck. Most of the increased travel demand in March was from labour abundant regions such as southwest and northwest China to coastal areas where labour demand was tight, he said. The aviation industry is closely watching domestic capacity in China as a harbinger of demand recovery trends in other markets around the world that are still in a capacity cutting phase as the pandemic spreads. Major state
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