The recovery of Chinas aviation industry is better than that of the world. Thanks to the effective control of the domestic epidemic, the domestic aviation industry began to recover from the end of March and the beginning of April. In May, the domestic routes rebounded to more than 60%, and the single day flights rose to more than 10000. In particular, business routes in major cities such as Beijing, Shanghai, Guangzhou and Shenzhen have basically recovered.
The recovery of industry fundamentals is an important reason for the rising voice of capital market. At the same time, the recent gradual opening of flight restrictions in various countries, including the latest policy changes involving the aviation rights of China and the United States, has become an important driving force for the rise of US stocks and Chinas aviation stocks.
Referring to the period of SARS in 2003, which is closest to the epidemic, it took half a year to nine months for the whole aviation industry to return to the original level of traffic turnover. The scope of the epidemic is wider, the prevention and control is more strict, and the impact time is expected to be longer. Before that, IATA even judged that the global international passenger traffic volume would not rebound to the pre epidemic level until 2023 at least.
However, in any case, as one of the industries hardest hit by the epidemic, the recovery signal of the aviation industry has been sent out. In general, the aviation industry is closely related to the development of national economy and global business and trade exchanges, with strong certainty of medium and long-term improvement. The gradual rebound of the global aviation industry will also be a reflection of the global economy stepping out of the haze of the epidemic.