Chinas aviation traffic slump
21 / 12 / 2008
CHINA’S airlines have reported an sharp decrease in demand due to the worsening global economy.
Cargo traffic for Air China dropped 12.1 per cent in November compared with the same period of last year. China Southern’s cargo traffic decreased 18.9 per cent year-on-year, while China Eastern’s fell a dramatic 22.2 per cent.
However, domestic air transport is showing signs of recovery, at least with passenger traffic. Air China’s grew 9.4 per cent year-on-year in November, China Southern’s by 8.2 per cent and China Eastern’s by 6.8 per cent.
The Chinese government has recently announced a multi-billion dollar investment into the national aviation infrastructure which it hopes will stimulate an upswing in traffic demand in 2009 and beyond.