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<Research>M Stanley: Mainland CN Airport Pax. Traffic Growth Healthy in Nov
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While there is an impact from Japan routes, passenger traffic at mainland Chinese airports still saw healthy growth in November, a Morgan Stanley report said. Passenger traffic at Beijing Capital International Airport, Shanghai Pudong/ Hongqiao International Airports, and Guangzhou Baiyun International Airport logged a slim acceleration in YoY growth to 9%, 11%, and 13%, respectively, vs 8%, 10%, and 12% growth in October. Meanwhile, non-domestic passenger traffic grew by approximately 20% in November. Compared to four weeks ago, air capacity from these three locations to Japan dropped 10-20%. Overall, non-domestic air capacity remained largely stable, while capacity to Australia, Southeast Asia, Hong Kong, and Macau ascended. AAStocks Financial News |
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