In the past decade, the ancillary revenues of the top 10 carriers with the biggest portion of such revenues surged from USD 2.1 billion in 2007 to USD 29.7 billion in 2017, at an annual compound growth rate of 30%.
Ancillary revenue as a portion of total revenue appears to have reached a ceiling of 50 percent with the top producer being Spirit at 46.6 percent.
The two sides plan to expand their cooperation in code-sharing, frequent flyer benefits and lounge access from January 2019, pending approval from local civil aviation authorities.
It is unclear who will take over Tan's role at China Southern, but the move could see a string of personnel changes in the civil aviation sector.
Chinese airports increasing funding in IT from 5.6 percent of revenue in 2017 to 7.5 percent in 2018, higher than the global average of 5.69 percent.
Based on the premise that the sale does not affect the parent's holding status, the Shanghai-based group will transfer 125.8 million shares, Juneyao Airlines said in a statement yesterday.
The planned withdrawal of China Southern Airlines from the SkyTeam airline alliance signifies less close-knit alliances and more cross-alliance cooperation, analysts said.
British Airways has vowed to come up with more bespoke services for Chinese customers, as it pushes for growth in what is now the world's largest outbound tourism market.
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