Goodbye, cheap flights in China? - SupChina

Goodbye, cheap flights in China?

Part of the daily SupChina newsletter. 0

“Air travel in China is about to get more expensive,” says CNN, as the Civil Aviation Administration has lifted price caps on airline tickets on domestic routes.

  • The new rules take effect immediately, and state that for any route served by at least five carriers, “state-run airlines can now hike prices by as much as 10% a year.”
  • Chinese airline shares prices surged “amid expectations that the move will boost profits, with the Lunar New Year national holiday approaching in February,” according to Reuters.
  • Beijing to Shanghai and more than 300 other routes are covered by the new rules.

Jeremy Goldkorn

Jeremy Goldkorn is co-founder of the Sinica Podcast and currently edits SupChina and its daily newsletter.