Dow Jones Newswires: China’s air passenger traffic surges in first quarter, nearly returning to 2019 levels

by | Apr 18, 2023 | Stock Market

China’s air passenger numbers in the first quarter jumped 68.9% from a year earlier, pointing to a steady recovery of the country’s economy, which has reemerged from three years of zero-Covid restrictions. China’s civil aviation industry handled 129 million trips in the first three months of the year, rebounding to 80% of the traffic recorded in the same period in 2019 and expanding 51% compared to the final quarter of 2022, the country’s top aviation regulator said in a press conference on Tuesday.

Domestic airline routes saw 126 million trips in the first quarter, a 66.6% growth from a year ago and 88.6% of the traffic level seen in the same quarter in 2019. International routes saw 2.24 million trips in the first three months, an eight-fold surge from a year earlier, but only 12.4% of the level recorded in the first quarter of 2019. Before the pandemic which sent China into three-years of self-imposed isolation from the rest of the world, the country had the world’s largest market in outbound tourism. Tuesday’s air-passenger traffic data points in the same direction as China’s headline economic growth numbers released on the same day, which showed a revival of the cou …

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