The International Air Transport Association (IATA) has been predicting it for several years, and now it's a reality: in China, air transport has become the country's leading the world's second-largest market behind the United States in terms of passenger and freight traffic volume. Over the next decade, it should even climb to the top of the rankings in terms of passenger and freight traffic. first place probably around 2022This is two years earlier than IATA expected in 2015. The association also indicates that Chinese air transport should more than double from here 2036in order to achieve 1.5 billion passengers.
According to the World Civil Aviation Organization (ICAO), 2017 saw the number of movements in China exceed the ten million flight hours. Another record. Last year, the country officially recorded almost 550 million passengerswhich represents a market share of 12 % in world air traffic. At 12.6 %, growth was more than five points higher than the 7.1 % increase in global traffic.
Air traffic in China up again, by 11 %
2018 is shaping up to be an auspicious year for Chinese air transport. The Civil Aviation Authority of China (CAAC) is forecasting a further increase in traffic of 11 %. This should translate into a total of 612 million of passengers.
La liberalisation he continued improvement in the conditions under which airlines operate is stimulating growth. Since the beginning of the year, the government has extended the liberalisation of air fares to new routes, allowing greater competition between carriers. Some 300 new overhead lines are now managed by supply and demand, with passengers benefiting from more competitive fares.
In total, more than 1,000 routes from Beijing, Shanghai, Guangzhou and Shenzhen are subject to the laws of competition. The Chinese government has promised that all fares on all airlines will be determined by the carriers themselves from 2020.
