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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
JET FUEL
Asia-Pacific international air travel is catching that of other regions despite the continued slow pace of China recovery according to Association of Asia Pacific Airlines (AAPA) figures.
- Its figures show the Asia-Pacific region has the lowest demand recovery globally from lockdowns – by a large margin in some cases.
- China international travel growth would need to accelerate for the broader region to fully recover it said.
- Asia-Pacific demand was at 69% versus 2019 level over nine-month period, and 79% for Sept-2023.
- Excluding China, the Asia-Pacific demand recovery would be at 89% of pre-pandemic level.
- China’s international passenger demand was at 34% of 2019 levels for the nine months through 30-Sep-2023, and reached 54% for the month of Sep-2023.
- Full recovery of international travel to and from China could occur around the middle of 2024 AAPA Director-General Subhas Menon forecasts.
Source: AAPA and IATA
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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