China’s aviation industry picks up in May
Jun 19, 2019 (China Knowledge) - China’s aviation market has rebounded in May this year after an earlier dip in passenger growth sparked concerns that the aviation market’s growth would be hampered by a wider economic slowdown in the country.
According to the Civil Aviation Administration (CAA), 54.5 million individual trips were made last month, increasing by 8.7% over a year earlier. In terms of passenger throughput, 110 million trips were made in May, up 7.6% from last year.
The May data comes after China’s major airports saw a negative year-on-year growth in the previous two months breaking a decade long growth trend, with passenger throughput falling by between 0.2% and 6.4% year-on-year at airports in major cities such as Beijing, Hangzhou and Qingdao.
The weak data in previous months had resulted in concerns that the country’s aviation market was starting to decline amid an economic slowdown in China and also threatened to mar the opening of the Daxing International Airport in Beijing later this year.
According to the CAA, the recent declines were attributed to factors such as Beijing Capital Airport’s temporary construction restrictions on its runways which lead to an 8.3% decrease in takeoffs and landings at the country’s busiest airport and the extended Labor Day holidays which led to many travelers delaying their travel plans.
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