China’s civil aviation responds to the impact of the epidemic and gets out of operational difficulties
(Source: China International Television European Production Center 2020-06-23)
June 23, 2020,Professor Yang Hangjun and Assistant Professor Wang Kun, w88 casino of International Economics and w88, w88 casinoAccepted an interview with the "Global Business" column of China International Television's European Production Center and analyzed how Chinese airlines can cope with the impact of the epidemic and overcome operational difficulties.Professor Yang Hangjunsaid that the current capacity of Chinese airlines has returned to more than 80% of the pre-epidemic level, the occupancy rate has returned to more than 70%, and the actual passenger volume has returned to about 60% of the same period last year, which shows that my country's domestic civil aviation market is gradually recovering. Due to the global spread of the epidemic and the restrictions imposed by countries around the world on international air passenger transport, it is difficult for my country's international air passenger transport to recover in the short term and will go through a trough period of one to two years.
Professor Yang Hangjunsaid that compared with other countries, China's domestic epidemic has been basically under control, and China has the second largest domestic aviation market in the world, which is conducive to Chinese airlines continuing to maintain a certain scale of traffic, maintaining relatively sustainable development, and making the possibility of serious financial crises less likely. However, the financial losses caused by the epidemic in the first half of 2020 still had a great negative impact on Chinese airlines. In addition, the risk of small-scale epidemics in major domestic cities has also added more uncertainty to the normal operations and recovery of Chinese airlines.
Assistant Professor Wang Kunfurthersaid that in response to the impact of the epidemic, compared with other countries, Chinese airlines have received stronger financial and other policy support. In view of the important role of the civil aviation industry in transportation, supply chain operations, emergency disaster relief, etc., the country attaches great importance to the stable operation of the civil aviation industry. Overall, the financial situation of Chinese airlines is relatively stable, and they can weather the difficulties as the domestic market recovers. In addition, given that air cargo has been less affected by the epidemic and demand has even increased, Chinese airlines are also increasing their cargo capacity by adding more all-cargo aircraft and increasing their efforts to convert passengers into cargo.
