China’s aviation market shrinks to smaller than Portugal’s
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Monday
June 27, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
MONDAY, JUNE 27, 2022
China’s aviation market shrinks to smaller than Portugal’s

Global Economy

Kyunghee Park
19 February, 2020, 01:20 pm
Last modified: 19 February, 2020, 01:26 pm

Related News

  • US aims to raise $200 bln as part of G7 rival to China's Belt and Road
  • Boris Johnson wants G7 to balance values with doing business with China
  • China to provide $7.5 million in humanitarian aid to Afghanistan, foreign ministry says
  • Chinese military says US plane in Taiwan Strait endangered peace
  • China's Xi to visit Hong Kong for 25th anniversary of handover

China’s aviation market shrinks to smaller than Portugal’s

About 1.7 million seats -- almost 80% of capacity -- were dropped from China services from January 20 to February 17 by global carriers

Kyunghee Park
19 February, 2020, 01:20 pm
Last modified: 19 February, 2020, 01:26 pm
People walk through an empty terminal at Daxing international airport in Beijing, on February 14. Photo: AFP via Bloomberg
People walk through an empty terminal at Daxing international airport in Beijing, on February 14. Photo: AFP via Bloomberg

China's aviation market, projected to overtake the US this decade and become the world's biggest, has shrunk to such an extent due to the coronavirus outbreak that it's fallen from third to 25th, behind Portugal.

Airlines have slashed capacity because of the epidemic centered in Hubei province, leaving the industry reeling. About 1.7 million seats -- almost 80% of capacity -- were dropped from China services from January 20 to February 17 by global carriers, according to OAG Aviation Worldwide. Meanwhile, Chinese airlines cut 10.4 million seats domestically.

"No event that we remember has had such a devastating effect on capacity as coronavirus," John Grant, senior analyst at OAG, wrote in a report. "In many ways it highlights the importance of the Chinese market to aviation and the rapid globalization of air services as new markets and travelers emerge."

Many airlines have suspended flights to China in an effort to contain the virus, which has killed nearly 1,900 people in the country and infected more than 72,000. The total number of seats from China to Hong Kong and Taiwan has dropped a quarter of a million in five weeks, while the country's three main airlines slashed international capacity by between 80% and 90%, according to OAG.

After the cuts, China Southern Airlines Co operates only about 800 seats more on international services than Air Astana JSC of Kazakhstan, while China Eastern Airlines Corp. is just ahead of Tunis Air, Grant wrote. Both Chinese carriers reduced capacity by more than 200,000 seats a week because of the virus, according to OAG.

"The damage to some airlines and the long term impact on their growth may linger beyond the virus," Grant said. 

World+Biz / Top News

aviation / china / Coronavirus / Coronavirus in China

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Padma Bridge: Photo: Mumit M/TBS
    Sleepy south stirs to new possibilities
  • Photo: Collected
    2 motorcyclists killed in first accident on Padma Bridge
  • Photo: TBS
    Motorcycles banned on Padma Bridge 

MOST VIEWED

  • European Commission President Ursula von der Leyen attends the official welcome to the G7 leaders summit at Bavaria's Schloss Elmau castle, near Garmisch-Partenkirchen, Germany on 26 2022. Photo: Reuters
    Europe must give developing nations alternative to Chinese funds, von der Leyen says
  • US President Joe Biden attends a working lunch with other G7 leaders to discuss shaping the global economy at the Yoga Pavilion, Schloss Elmau in Kuren, Germany, June 26, 2022. Photo: Reuters
    US aims to raise $200 bln as part of G7 rival to China's Belt and Road
  • FILE PHOTO: British Prime Minister Boris Johnson leaves 10 Downing Street to take questions in parliament, in London, Britain June 15, 2022. REUTERS/Peter Nicholls
    Boris Johnson wants G7 to balance values with doing business with China
  • Italy's Prime Minister Mario Draghi, Canada's Prime Minister Justin Trudeau, France's President Emmanuel Macron, German Chancellor Olaf Scholz, US President Joe Biden, Japan's Prime Minister Fumio Kishida and British Prime Minister Boris Johnson line up for a family photo at Schloss Elmau castle, during the G7 leaders summit near Garmisch-Partenkirchen, Germany, June 26, 2022. Photo: Reuters
    G7 nations are worried about global economic crisis, Scholz says
  • Garment workers cut fabric to make shirts at a textile factory of Texport Industries in Hindupur town in the southern state of Andhra Pradesh, India, February 9, 2022. Picture taken February 9, 2022. REUTERS/Samuel Rajkumar
    ​India will become $30 trillion economy 'very soon': Commerce minister
  • Plastic letters arranged to read "Inflation" are placed on U.S. Dollar banknote in this illustration taken on 12 June 2022. Reuters Illustration
    Banking body urges decisive wave of global rate hikes to stem inflation

Related News

  • US aims to raise $200 bln as part of G7 rival to China's Belt and Road
  • Boris Johnson wants G7 to balance values with doing business with China
  • China to provide $7.5 million in humanitarian aid to Afghanistan, foreign ministry says
  • Chinese military says US plane in Taiwan Strait endangered peace
  • China's Xi to visit Hong Kong for 25th anniversary of handover

Features

Photo: Noor A Alam

The reign of oversized pantsuits

15h | Mode
Photo: TBS

A dream dreamt and then delivered

1d | Panorama
In pictures: 2022 Dhaka Motor Show

In pictures: 2022 Dhaka Motor Show

1d | Wheels
Our team full of hope and mettle, before we entered the disaster zone. PHOTO: SWAMIM AHMED

How we survived 4 days in Sunamganj flood

2d | Panorama

More Videos from TBS

Jalamije becomes Georgian citizen to play Wimbledon

Jalamije becomes Georgian citizen to play Wimbledon

5h | Videos
Sievierodonetsk falls to Russia

Sievierodonetsk falls to Russia

9h | Videos
'Anondolok' is a fun field of dance,music and culture

'Anondolok' is a fun field of dance,music and culture

11h | Videos
Learn all about sports in Khelbei Bangladesh

Learn all about sports in Khelbei Bangladesh

15h | Videos

Most Read

1
Padma Bridge from satellite. Photo: Screengrab
Bangladesh

Padma Bridge from satellite 

2
Photo: Prime Minister's Office
Bangladesh

New investment in transports as Padma Bridge set to open

3
Japan cancels financing Matarbari coal project phase 2
Bangladesh

Japan cancels financing Matarbari coal project phase 2

4
Desco wanted to make a bold statement with their new head office building, a physical entity that would be a corporate icon. Photo: Courtesy
Habitat

Desco head office: When commitment to community and environment inspires architecture

5
Photo: TBS
Infrastructure

Gains from Padma Bridge to cross $10b, hope experts

6
20 businesses get nod for $326m foreign loan for expansion
Economy

20 businesses get nod for $326m foreign loan for expansion

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab
BENEATH THE SURFACE
Five aircraft of the Bangladesh Air Force performing in an airshow on Saturday. PHOTO: ISPR

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net