China’s aviation industry | Loses $4.9 Billion In 2nd Quarter
BEIJING: China’s aviation industry suffered a 4.9 billion U.S. dollars loss in the second quarter, slightly narrower than in the first quarter, according to data released by the Civil Aviation Administration of China (CAAC) on Friday, July 10.
In the first quarter, the industry, which includes airlines, airports and other aviation companies, lost 38.1 billion yuan.
Airlines flew a total of 30.74 million passengers last month, down 42.4 percent year on year. The decline narrowed 10.2 percentage points from May, the CAAC said.
In the first half of the year, air passenger numbers hit 150 million, equivalent to 45.8 percent of the volume during the same period last year.
China’s aviation industry has been recovering faster than most countries emerging from the COVID-19 lockdowns, underpinned by a steady recovery in the domestic travel market after the epidemic was largely brought under control.
In June, China maintained regular cargo flights with over 100 overseas destinations in 45 countries, a significant increase over the number before the COVID-19 epidemic.
The domestic and international routes recovered to 65 percent and 42 percent, respectively, over the same period in 2019.
The number of temporary cargo flights has also increased exponentially. A number of airlines used passenger aircraft to replace the cargo aircraft, to make up for the current shortage of cargo aircraft capacity.
“By June 30, the CAAC had organized 35 domestic airlines to transport nearly 5,000 tons of epidemic prevention and control, emergency humanitarian assistance and medical supplies. And conducted 87 shipments of “health package” supplies, involving 25 countries including the U.S., the UK, Japan, ROK, Italy and Russia,” said Jin Junhao, the Deputy Director of Transportation Department of CAAC.
To tackle the issue of insufficient air cargo capacity caused by the mass cancellation of international passenger flights during the epidemic, the CAAC has taken measures such as simplifying administrative approval procedures and guiding airlines to use passenger aircraft capacity to meet freight demand.
The CAAC also adjusted policies for international passenger flights in early June, allowing more foreign carriers to resume flights to China on a once-a-week basis starting from June 8.