Shanghai-based Spring Airlines has become one of the world’s fastest growing airlines amid the novel coronavirus pandemic, thanks to China’s rapid economic and production recovery.
Since early this year, the domestic capacity of the budget carrier has increased 1.5 times year on year, with an average load factor above 85%, the airline said on Wednesday.
The airline has opened over 60 new routes to cap demand as domestic travel outpaced overseas journeys due to the pandemic.
The global civil aviation industry is set to lose a total of US$84.3 billion this year because of the impact of COVID-19, according to the International Air Transport Association. Bankruptcy has been the fate of 23 airlines amid the pandemic and global carriers will need five years to fully recover.
“Spring is expected to become the world’s best recovered airline amid COVID-19,” said Zhou Weihong, deputy general manager of Shanghai Spring Tour.
During the eight-day National Day and Mid-Autumn Festival holiday, the number of domestic travelers taking Spring Airlines flights recovered to 80% of last year’s figure while long-distance routes saw a 30% increase.
The carrier announced another eight direct routes from Shanghai to popular domestic destinations on Wednesday for the upcoming winter and spring season starting on October 25.
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