The problem for U.S. and European carriers is there is considerable consumer loyalty to the national airlines and the localized product.
Chinese travelers are more optimistic about travel in 2021; China Eastern Airlines gets $1.7 billion lifeline.
Chinese operators have subsequently suffered a dramatic reversal in fortunes just as the New Year holiday period approaches.
The airline’s passenger turnover plunged 51.6 percent last year from the year before.
Global passenger jet flights remain down nearly 54% compared with last year, while approximately 40% fewer aircraft are being tracked each day operating commercial services.
Hong Kong Airlines in danger of getting wings clipped; New York investment firm acquires 6.64% stake in Trip.com Group.
Last-minute bookings have been one of the key features since the pandemic started, with around 60% of tickets issued up to 4 days before traveling.
China’s Railway Authority are anticipating 407 million journeys between January 28th and March 8th.