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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
OAG figures highlight China domestic flight recovery remaining firmly above 2019 levels while international recovery still languishes behind. (see chart)
- China cross-border travel may take another year to fully recover according to World Travel & Tourism Council Chief Executive Office Julia Simpson.
- China traffic with US/Canada was running about one tenth of pre-pandemic in September according to OAG.
- Factors like an inability for western carriers to use Russian air space to get to China has damaged scheduling. Chinese carriers can use the air space making them much more cost effective because the route burns far less fuel.
- The number of weekly round-trip flights between China/US is set to rise to 24 for each nation by the end of October. Before Covid, the weekly flights between them averaged ~340.
source: OAG/Bloomberg
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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