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China's civil aviation market hits CNY1 trillion level in 2019

CHINA's booming civil aviation industry saw its annual revenue reach CNY1

China's civil aviation market hits CNY1 trillion level in 2019

CHINA's booming civil aviation industry saw its annual revenue reach CNY1

19 January 2020 - 19:00

CHINA's booming civil aviation industry saw its annual revenue reach CNY1.06 trillion (US$154.27 billion) in 2019, according to the civil aviation authorities.

China remained the world's second-largest civil aviation market in 2019. The figure represented a 5.4 per cent year-on-year increase, according to the Civil Aviation Administration of China (CC).



In 2019, the country's civil aviation industry operated 660 million passenger trips and carried 7.52 million tonnes of air cargo, a year-on-year increase of 7.9 per cent and 1.9 per cent, respectively, according to the latest CC statistics.



In 2018, the annual revenue of China's civil aviation industry was CNY875 billion a 17 per cent year-on-year increase.



China is expected to become the world's largest civil aviation market by the mid-2020s, according to forecasts by the International Air Transport Association (IATA), reports Xinhua.


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