Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs [CNBC]
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Source: CNBC
Weak demand in and out of China is a major issue that's also leading to airlines' retreat. Major global airlines are reducing services and, in some instances, withdrawing from China altogether as longer routes to Asia following the closure of Russian airspace have raised operational costs, while demand has been low. A new report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months. Virgin Atlantic and Scandinavian Airlines, for instance, are completely withdrawing from China, the companies' websites show. Virgin Atlantic ceased all flights to Hong Kong — and closed an office there — in 2022, ending the airline's 30-year presence in the Asian financial hub. John Grant, chief analyst at the aviation intelligence company OAG, said the situation is “going to get more pronounced, before it gets any better.” British Airlines has steadily downgraded the size of jets it flies into China, said Grant. Routes that were fly
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