China's air transport industry still has room to grow by at least 1 times
Referring to Japan's aviation industry experience, it is estimated that China's air transport industry will still have room to grow by at least 1 times in the next 20 years. Among them, low-cost aviation has the characteristics of low prices and will become a high-growth racetrack
Since 2018, the growth rate of international route traffic volume has been higher than that of domestic transportation in China. As short- and medium-haul transportation is affected by high-speed rail diversion, competition has intensified. In order to maintain its competitive advantage, HNA Holdings has intensively deployed international routes with Shenzhen as the hub
Hainan Airlines has a large number of wide aircraft, and its own aircraft accounts for a relatively small share compared to the three major airlines. Compared with the three major airlines, Hainan Airlines has the smallest share of its own aircraft, and operating leases account for the largest share. In 2019, in order to optimize the fleet structure and reduce operating costs, Hainan Airlines sold 35 aircraft, which led to a decrease in the proportion of its own aircraft
Hainan Airlines' fleet accounts for far more than the three major airlines, which is related to its strategic layout in 2018 to build a core hub and actively open a large number of international and regional routes with Shenzhen as the hub
Hainan Airlines has monopoly resources on scarce routes around the world
Hainan Airlines, a subsidiary of Hainan Airlines, has a monopoly position at Haikou Meilan Airport. Influenced by the construction of the Hainan Free Trade Port, Hainan's future passenger traffic volume is expected to continue to grow rapidly. Hainan Airlines occupies an advantageous base and route resources. Its subsidiary Capital Airlines uses Beijing as its main base, has a hub advantage, and also occupies the main market share of Lijiang Airport, a popular tourist destination. Its subsidiary, Xiangpeng Airlines, occupies a leading position at Ganzhou Golden Airport. Its competitive advantage is obvious at Hohhot Airport
