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China's air passenger numbers down 45% year-on-year over Lunar New Year

Reuters reports that Civil Aviation Administration of China (CAAC) said that China’s air passenger traffic fell 45.16% year-on-year over Lunar New Year, though signs of a quick recovery are emerging due to the country’s success in curbing domestic transmission of the COVID-19 virus.

Passenger numbers stood at 3.57 million over the 7-day holiday period, the CAAC said, adding that average load factor, a measure of seats filled, stood at 57.51%.

However, signs of a pick-up are emerging.

CAAC data showed the number of international cargo flights during the 7-day period surged 212.48% year-on-year.

Data from the brokerage Jefferies also showed domestic seat capacity, which during the week of February 8 plunged to the lowest level since February last year, is slated to increase 65.5% this week, compared with the previous week.

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