we spoke to a aaa spokesperson about this, and they said the best they can describe this is a feeling from families who put off travel during covid, all of these restrictions being lifted around the world, this is the only time families have been saving and they feel like this is the time to go and finally see the rest of the world. even with higher prices, especially when it comes to all areas of travel, people are still going to be heading out there in big numbers and using all different modes of transportation. automobiles, planes, trains, buses, and cruises. and so it s an exciting time for people, because for a lot of folks, it s going to be their first time to head out for that family vacation since the pandemic began. we know, regardless of the holiday, memorial day is no exception, traveling by the road is the most popular form of travel. take a look at those gas prices, you can see that they are cheaper than last year which is good. you remember last summer, they got up to
but no luck so far. it s also important to note because go first is not the only airline affected by faulty pratt & whitney engines and the supply glitch. another low cost carrier, indigo, is also stuck. between the two of them, 60 aircrafts are grounded for lack of spare parts. and in fact, that forced the country s aviation regulator to take note last month and seek solutions as well. in china, it s the last day of an extended time off. a one day labour day holiday observed in many countries is actually a five day break in china. it s the first ultra long weekend since the spring festival in january and authorities had forecasted increased travel across different modes of transportation. chinese consumers are still holding back. we have seen very strong domestic tourist traffic across
but no luck so far. it s also important to note because go first is not the only airline affected by faulty pratt & whitney engines and the supply glitch. another low cost carrier, indigo, is also stuck. between the two of them, 60 aircrafts are grounded for lack of spare parts. and in fact, that forced the country s aviation regulator to take note last month and seek solutions as well. in china, it s the last day of an extended time off. a one day labour day holiday observed in many countries is actually a five day break in china. it s the first ultra long weekend since the spring festival in january, and authorities had forecast increased travel across different modes of transportation. i spoke with raymond cheng from standard chartered. we have seen very strong domestic tourist traffic across the board, and whether you look at in terms of the number
litigation we will not comment further. that statement coming in the last few minutes from pratt and whitney. in china, it s the last day of an extended time off. a one day labour day holiday observed in many countries is actually a five day break in china. it s the first ultra long weekend since the spring festival in january and authorities had forecasted increased travel across different modes of transportation. raymond cheng from standard chartered. we have seen very strong domestic tourist traffic across the board and whether you look at in terms of the number of trains that have been operating, single day rail tickets as well as domestic tourist sites. consumption growth remains
and warned that there could be further rate hikes. the bank s governor acknowledged that inflation is now past its peak, but it will take awhile for it to fall back into the bank s target range of two to 3%. in china, it s the last day of an extended time off. a one day labour day holiday observed in many countries is actually a five day break in china. it s the first ultra long weekend since the spring festival injanuary and authorities had forecasted increased travel across different modes of transportation. for clues on how this tourism revival will help prospects for the world s second largest economy, let s bring in raymond cheng from standard chartered. great to get you on the show. what is your sense of how the taurus revival is going and how that might help to boost china s economy? we have help to boost china s economy? - have seen very strong domestic taurus traffic across the board and