China is expected by researchers to reach herd immunity against COVID-19 by October 2022, while the United States will reach that as soon as April this year.
Traditionally, China’s big airlines made the bulk of their revenue from international flying.
Current US President Joe Biden looks set to retain his predecessor’s tough stance on China.
Despite HNA’s contraction, China’s airline market remains fundamentally strong.
Most of the flights are for destinations in mainland China, the only place having a largely quarantine-free bubble with Macau.
With the reorientation of the flow of tourists to the domestic market, Hainan tours are in increasing demand.
China’s capital city Beijing recorded a total of 2.75 million tourists over the first three days of the holidays, an increase of 1.2 times year-on-year.
Air and bus travel are also down considerably.
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