China’s aviation industry, which includes airlines, airports and other aviation companies, has been recovering faster than most countries emerging from coronavirus lockdowns. However, passenger numbers showed the sector is still way below pre-covid levels. 

CAAC data showed that June passenger numbers dropped 42.4 percent from a year earlier to 30.74 million, after plunging 52.6 percent in May. In the first half of 2020, total passenger numbers nosedived 45.8 percent from a year ago. 

Some Chinese airlines have recently rolled out discount passes that would allow passengers unlimited domestic travel with few restrictions. In June, China Eastern Airlines started selling “fly at will” flight passes for unlimited weekend domestic travel until the end of the year. Hainan Airlines this month offered consumers flight passes that would enable them to make unlimited trips to or from Hainan island, the country’s popular tropical tourist spot.

Air travel has been one of the hardest-hit industries worldwide, with the International Air Transport Association (IATA) warning that the Covid-19 outbreak will result in up to $314 billion in lost revenue for carriers.

For more stories on economy & finance visit RT’s business section

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Subsidy extension to stimulate NEV sales

China’s decision to extend subsidies for new energy vehicles to 2022 will help invigorate the fledgling sector that has started to slow down since the second half of last year, analysts and carmakers said on Wednesday. The subsidies, which have…

Volkswagen burning through $2.2 billion a week as coronavirus halts production: CEO

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) may have to cut jobs if the coronavirus pandemic is not brought under control as the carmaker is still spending about 2 billion euros ($2.2 billion) a week, Chief Executive Herbert Diess told German TV…

Merkel calls for clarification on Wirecard collapse

BERLIN (Reuters) – German Chancellor Angela Merkel told reporters on Friday it had to be clarified what happened to payments company Wirecard (WDIG.DE) which collapsed amid an accounting scandal. Reporting by Berlin bureau; Writing by Madeline Chambers; Editing by Riham…

Adidas HR head resigns as company addresses diversity issues

NEW YORK — The head of global human resources at sports apparel and shoe company Adidas resigned Tuesday following criticism from employees of what they see as the company’s failure to diversify its workforce. Karin Parkin’s resignation comes after a…