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China’s airlines “see opportunity” as European carriers exit the Mainland international market
October 11th 2024
The European market is highly competitive, demand is lower than expected and the aviation market is in a situation of oversupply. Read More » However, compared with foreign airlines, Chinese airlines face more opportunities, several industry insiders told China’s The Paper. Civil aviation expert, Lin Zhijie, told the magazine that for Chinese carriers, the recovery rate of their European networks was the best [of all region]. At present, China-Europe flights meet the needs of business and personnel exchanges, he said. According to the August data in the article, the recovery rate of Chinese airlines operating to Europe is 120%, while the recovery rate for foreign airlines is 53%. China’s airlines account for 77% of China-Europe market share. Pre-pandemic, market share was evenly divided between airlines serving the two regions. The recent exodus of several European carriers from China, including British Airways, Virgin Atlantic and Scandinavian Airlines as well as Lufthansa’s reduced flight schedule to the Mainland is changing Europe route pattern and Chinese airlines are facing greater opportunities, The Paper said.
