Global Airline Capacity Hits 2022 High as China Demand Rebounds: OAG

Global Airline Capacity Hits 2022 High as China Demand Rebounds: OAG
An airplane takes off at the Beijing Capital International Airport on March 23, 2022. Tingshu Wang/Reuters
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Global airline capacity has surged to its highest level in 2022 this week because of a rebound in Chinese domestic demand despite extended lockdowns in Asia’s biggest aviation market, travel data firm OAG said on Tuesday.

Asian jet fuel refining margins, which have more than doubled in the past two months, were at $30.04 a barrel over Dubai crude on Monday, Refinitiv Eikon data showed.