In the years before Covid, China was the world's most important source of international travelers. Its 155 million tourists spent more than a quarter of a trillion dollars beyond its borders in 2019.
Chinese airlines will be the early winners of the country's international reopening, analysts say, having kept most widebody planes and staff ready while foreign carriers struggle with capacity constraints after previous border openings. Less than one-fifth of China's widebody fleet of about 500 planes is in storage, according to a…
Chinese airlines will be the early winners of the country's international reopening, analysts say, having kept most widebody planes and staff ready while foreign carriers struggle with capacity constraints after previous border openings. Less than one-fifth of China's widebody fleet of about 500 planes is in storage, according to a McKinsey analysis using Cirium data, with most planes active but flying fewer hours than usual on domestic routes and limited international and cargo flights.
Chinese airlines will be the early winners of the country s international reopening, analysts say, having kept most widebody planes and staff ready while foreign carriers struggle with capacity. | December 30, 2022