The passenger traffic volume of civil aviation was close to 180 million, and the cargo and mail traffic volume reached 2.07 million tons, all of which reached the highest value in the first quarter of the previous year
The Zhitong Finance App learned that on April 16, according to the Civil Aviation Administration of China, in March, the entire industry completed a total of 54.73 million passenger traffic, an increase of 25.7% over the previous year, and an increase of 7.3% over the same period in 2019. The completed cargo and mail transportation volume was 708,000 tons, an increase of 28.2% over the same period in 2019, an increase of 12.3% over the same period in 2019.
According to CCTV news, the reporter learned from the Civil Aviation Administration that in the first quarter of 2024, civil aviation transportation production started well, and passenger traffic and cargo and mail traffic both hit the highest values in the first quarter of each year.
The entire industry completed a total transportation turnover of 34.93 billion tons/km, an increase of 45.6% year-on-year, and an increase of 12.9% over the same period in 2019. Among them, domestic routes completed 23.86 billion tons and kilometers, and international routes completed 11.07 billion tons and kilometers.
Air China, China Southern Airlines, and China Eastern Airlines all announced their annual results. Earlier performance forecasts showed that the losses of the three major state-owned airlines have narrowed, but the recovery is not as fast as that of private airlines.
The announcements of the three major airlines all mentioned that the relatively slow recovery of international passenger flights is an important reason affecting the recovery of the company's performance and continued operating losses.
Huatai Securities released a research report saying that after the peak season of the Spring Festival travel season, March gradually entered the low season for civil aviation, and airline operating data declined somewhat.
Looking ahead, off-season business travel still needs to be tracked. However, with reference to Spring Festival travel data, demand for private travel such as travel and family visits is still strong. The trip is optimistic about the performance of civil aviation during the peak season, and is expected to once again experience a peak in demand during the “May 1st” holiday.
Civil aviation related companies:
Air China (00753), China Southern Airlines (01055), Capital Airport (00694), Eastern Airlines (00670), China Civil Aviation Information Network (00696), etc.