Global airline capacity continues its steady descent, having passed back through the 95 million mark this week and likely to settle at around 88 million seats by the end of the month – assuming nothing significant happens in China around their zero-Covid strategy.
Golden Week in China Causes 20% Capacity Cut
A 3% week-on-week airline capacity decline is slightly higher than in previous weeks. Although most regional markets have held steady, China’s Golden Week holiday may be behind the 20% reduction in capacity across the country which ripples through a 14% reduction in airline capacity across the North East Asia region.
Ironically given this week’s capacity cuts and with less than four weeks before the winter season, Chinese airlines are also finally releasing their schedules for the next few months and consequently global capacity for the October to December period has increased by 50 million through to the year end. The increases in capacity continue to see the gap narrowing…
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