[Travel News]: China’s aviation sector eyes profitability, 85% domestic traffic recovery in 2022
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The following is the [Travel News]: China’s aviation sector eyes profitability, 85% domestic traffic recovery in 2022 from [FlightGlobal] recommended by TheTourAttraction.com:
In its outlook for 2022, the CAAC says it “will strive” to reverse losses and return to profitability.
China’s aviation sector is hoping to turn the corner and return to profitability in 2022, after being in the red for nearly two years amid the coronavirus pandemic.
In a work plan meeting for 2022, the Civil Aviation Administration of China (CAAC) also expects the aviation sector to recover domestic traffic to around 85% pre-pandemic levels.
In its outlook for 2022, the CAAC says it “will strive” to reverse losses and return to profitability, “in the absence of repeated fluctuations in Covid-19”.
The CAAC in its five-year development plan released early January outlined its target of restoring international traffic from 2023, as well as expanding the domestic air travel sector.