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This Lunar New Year, less flying in China as virus fears persist

Chinese ditch flying for CNY reunion in blow to airlines

The Straits Times Chinese ditch flying for CNY reunion in blow to airlines The Chinese New Year travel season can account for as much as a quarter of airlines annual profits.PHOTO: REUTERS PublishedFeb 8, 2021, 10:02 am SGT https://str.sg/JrXc They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months.

Chinese Ditch Flying (and Blind Dates) in Blow to Airlines

Chinese Ditch Flying (and Blind Dates) in Blow to Airlines Bloomberg 8/02/2021 Bloomberg News (Bloomberg) Lunar New Year is usually a bonanza for Chinese airlines criss-crossing the country fully loaded with passengers. Not this year though, after the government took the rare step of encouraging people to stay at home as it tries to stamp out the coronavirus. Chunyun, as the Lunar New Year travel season in China is known, is regarded as the world’s biggest annual human migration and can account for as much as a quarter of airlines’ annual profits, according to BloombergNEF analyst Luxi Hong. The holiday this year falls on Feb. 11-17, but the travel period in China started in late January and runs to March. On Jan. 28, passenger traffic was 71% lower than the first official travel day in 2020, according to the Civil Aviation Authority of China. Ticket bookings for trains, normally packed, are almost 60% lower than usual, the railway authority said.

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