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Chinese airlines losing billions on international flights

11/05/2019| 4:55:15 PM|

China’s international aviation industry has been losing money for three years, with a loss of 3.1 billion USD in 2018.

During the recent China International Forum on Aviation and Tourism, some very interesting statistics were revealed regarding the growth of commercial aviation in China, especially for international travel. These were revealed by the chairman of the China Aviation Association, as well as several executives from Chinese airlines.

Among these facts:

Between 2011 and 2018, the average annual growth rate of passenger traffic on China’s international routes was 17%

There are nearly 40 domestic airlines, and Chinese airlines fly more than 5,000 international flights per week to more than 170 cities in more than 60 countries

China’s international aviation industry has been losing money for three years, with a loss of 21.9 billion CNY (~3.1 billion USD) in 2018

A China Eastern executive revealed that on intercontinental routes in 2018 their unit revenue was less than 0.4 CNY per kilometer, which is under 0.057 USD per kilometer (that’s about 0.09 USD per mile); as a point of comparison, Delta’s unit revenue per available mile is over 0.16 USD per mile, so it’s nearly twice as much.

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TAGS: China Eastern | Chinese airlines
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