Chinese Domestic Capacity Collapses with Record Reductions
Wow, where did that come from! A near 27% reduction in capacity and the loss of over 3.2 million domestic seats in one week has handed the United States the title as the world’s largest aviation market something no one probably expected
It may be a short-lived gift from China as part of their New Year festivities but nevertheless a dramatic turnaround in just seven days.
Over the last few weeks, we have noted the regular capacity reductions in China, but this week’s numbers are just staggering and highlight how quiet this year’s festivities are likely to be.
The dramatic change in leadership hides a slightly more depressing headline. Global capacity has sunk to 48.1 million, breaking the 50 million threshold and placing us back at capacity levels similar to those reported at the end of June last year.
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