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China Summer Air Passenger Volumes Estimated Up 7% Y/Y

CHINA PRESS

China's air passenger volume will grow 7.0% y/y this July and August, 12.2% higher than 2019 levels, according to estimates from Flight Steward, a booking service. Passenger flights are expected to reach 994,000, up 4.1% over 2023 and 6.1% over 2019. However, average domestic economy class ticket prices will hit 1,010 yuan, down 3% y/y. Inbound passengers will rise 100% y/y, with travellers from the 14 countries recently given China visa-free access increasing 150% y/y. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com

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