MUL confirms purchase of Jackson Square Aviation
5th October 2012
China has witnessed a massive surge in passenger traffic and air fares over the five days Labor Day holiday. The average daily passenger traffic of domestic airlines during the Labor Day holiday exceeded that of the pre-pandemic level in 2019 with Air China logging a gain of 114%, China Southern 108% and China Eastern 104%.
Domestic air fares jumped 30% for the holiday period from the same time in 2019, with bookings to popular cities in China soaring 50%, according to data from Ctrip and Qunar.
Shenzhen Airlines recorded a single-day profit of more than $7.2 million on April 28, a day before the holidays. Joy Air logged its highest daily passenger revenue on April 28, with hourly income and passenger kilometer revenue surging 155% as compared to 2022 numbers.
China Eastern’s Wuhan branch said that daily passenger revenue was 30% higher on April 28 than on the same day in 2019, recording its best day in years, with single-day profit climbing to a record high of over CNY10 million.