China aviation industry will see a considerable growth of 3.9% during the forecast period. The advancements in the aviation infrastructure of the country had also contributed significantly to the growth of China’s aviation industry. For instance, in September 2019, China started the commercial operation of its Daxing International Airport which is considered as the largest airport terminal across the globe. Daxing International Airport is estimated to have the capacity of moving approximately 100 million passengers and 4 million tons of cargo annually. In addition to this, China’s Beijing Capital International Airport (PEK), in 2018 alone, had more than 100 million travelers which makes it the second airport across the globe to reach that passenger traffic milestone, after Hartsfield-Jackson Atlanta in the US.
Browse the full report description of "China Aviation Market Size, Share & Trends Analysis Report by Type (Passenger Airlines, Cargo Airlines, Aircraft Manufacturing, Airport Management, and Catering & Other Services), Impact of COVID-19 on China Aviation Industry, and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/china-aviation-market
However, the recent outbreak of COVID-19 from the Wuhan city of China has made China’s aviation industry to deal with the biggest collapse in its history. During the complete lockdown period in China, approximately 500,000 domestic and international flights to and from China were canceled which have made a loss of significant revenue to the aviation industry. After getting relaxation in domestic travel restriction by China’s government, the number of domestic passengers in China is showing signs of a potential turnaround in recent months. However, these nascent signs of recovery in the aviation industry are mostly still confined to domestic operations. The international flight operation in China still under various restrictions. However, from 29 March 2020, the government of China has allowed Chinese airlines to operate only one flight per week to any country, and the load factor will be a maximum of 75%. China contributes significantly to the growth of global aviation industry growth, as it holds the second-biggest aviation market across the globe.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2018-2025 |
|
Base year |
2018 |
|
Forecast period |
2019-2025 |
|
Segments Covered |
By Type |
|
Key Companies Profiled |
Air China Ltd., China
Eastern Airlines Corp. Ltd., Hainan Airlines Co., Ltd., Juneyao Airlines, Shenzhen
Airlines, and West Airlines Co. Ltd. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected region/segment
o Recommendations
China Aviation Market – Segmentation
By Type