Free Trial
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.
JET FUEL
Asia-Pacific air travel is struggling to recover fully to pre-pandemic levels because of rising fuel prices and high inflation according to industry body IATA which places the region’s air travel recovery at 69% of 2019 levels for the year through September.
- "Industry recovery has been slowed by inflation, the tight job market, supply chain constraints and fuel prices, which are still higher than in 2019," according to an Asia-Pacific airline executive.
- The same executive said the industry is still waiting on China recovery to return to full force kick off a fresh wave of growth.
- Japan Airlines and Thai Airways are shifting capacity away from mainland China where demand for travel is weak and putting additional resources into other markets such as Hong Kong and Europe, the carriers’ CEOs have said.
- ‘We cannot wait for China. We have to survive. We cannot rely on them,’ Thai Airways CEO Chai Eamsiri said.
- Flights between the US and China increased to 70 a week starting Nov. 9 – rising from 48 according to the US Department of Transportation.
- Flights between the two countries, which averaged 340 a week before the pandemic have struggled due to diplomatic issues that appear to be easing – especially with a Xi/Biden meet on Wednesday.
- See chart for China active flights and miles based on Airportia data. Miles have been on a steady decline since a boost early October after the longer than usual Golden week celebration.
Source: Airportia
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok