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Chinese Air Travel Rebounded for Labor Day Holiday


Chinese Labor Day holiday celebrations last weekend resulted is a large boost in jet demand.

  • About 9.42 million air passenger trips were made during the five-day break, with the daily average 4.2% higher than the same holiday period in 2019, the Ministry of Transport said late Wednesday.
  • Domestic travelers flew an average 1,638 kilometers (1,000 miles) over the break that started April 29, almost matching 2019 according to figures.
  • International travel lagged at 40% of 2019 levels according to the same figures.
  • JP Morgan cited Chinese air travel recovery as the single biggest driver of oil demand growth this year in a client note last month.

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