China Southern domestic passengers up 3% in October

China's airline industry is showing signs of recovery as the passenger count of the country's largest carrier rose for the second straight month from a year ago, fueled by pent-up demand for domestic travel during weekends and holidays. China Southern Airlines reported 11.79m domestic passengers in October, a 3% increase from October 2019. But international flights still face a 95% plunge with no sign of a rebound. Air China said it recorded a second-straight monthly increase in domestic flights, up 4% in October from a year ago. China Eastern, meanwhile, posted a 3% decline the same month after a rise of 1% in September. The so-called big three of China's state-owned carriers show clear signs of recovery in the domestic sector, in contrast to their international flights, which show a monthly decrease of more than 90%. Some airlines are running discount campaigns that offer unlimited flights for specified periods to boost demand in the wake of the coronavirus. Combined sales of the three airlines from January to September only notched 156b yuan ($23.75b) -- a 50% year-on-year decrease. Total net loss amounted to 26b yuan, a deep dive from a net profit of 15b yuan posted during the same period last year.<br/>
Nikkei
https://asia.nikkei.com/Business/Travel-Leisure/China-Southern-Airlines-domestic-passengers-up-3-in-October
12/1/20