According to Boeing, the passenger load factor for China’s domestic aviation industry reached a new high of 84.2 percent as of May this year, overtaking the U.S. for the first time.
The load factor for U.S. domestic routes was 83.8 percent as of May. Boeing said that China’s growth was two to three times that of the global average.
“The boom of passenger traffic in the country is being driven by China’s economic growth,” said Huo Daren, the regional executive director of Boeing. “Although China’s market growth has been high, there’s still a large space for growth.”
America’s load factor grew four percent over the past five years, while Europe grew six percent. China achieved 10 percent. Boeing estimates that the scale of China’s aviation market will overtakes Europe and the U.S. in 20 years.
Source : People’s Daily Online