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Fitch Forecasts CN Aviation Industry to Continue Growing on Int'l Travel Recovery This Yr
Recommend 8 Positive 15 Negative 7 |
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In 2025, China's aviation passenger market maintained strong growth, with passenger volume increasing by 5.5% YoY to 770 million, 16.7% higher than that seen in 2019, according to Fitch Ratings. While the international passenger volume of Chinese airlines has returned to the 2019 level thanks to the strong rebound in international demand, the lagging recovery of foreign airlines' capacity has rendered the total number of international flights still 12.2% below pre-pandemic levels. Fitch expects that further normalization of international travel will continue to shore up aviation industry growth in 2026. However, the industry is also facing increasing downside factors, including weakening macroeconomic and trade environments, escalating geopolitical uncertainties, delays in aircraft deliveries and manufacturing bottlenecks limiting capacity expansion, and increased competition from alternative transportation modes such as high-speed rail, which suppresses short-haul route growth and prompts airlines to be more cautious in capacity and resource allocation. AAStocks Financial News |
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