Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Chinese airlines can boost US flights to 50 per week, US says

Published 02/26/2024, 05:23 PM
Updated 02/26/2024, 09:26 PM
© Reuters. FILE PHOTO: A China Eastern Airlines aircraft and  Shanghai Airlines aircraft are seen in Hongqiao International Airport in Shanghai, following the coronavirus disease (COVID-19) outbreak, China June 4, 2020. REUTERS/Aly Song/File Photo

By David Shepardson

WASHINGTON (Reuters) -Chinese passenger airlines will be allowed to boost their weekly round-trip U.S. flights to 50 starting on March 31, up from the current 35, the U.S. Transportation Department said on Monday, returning the market to nearly one-third of pre-pandemic levels.

The approval "is a significant step forward in further normalization of the U.S.-China market in anticipation of the Summer 2024 traffic season," the USDOT said.

More than 150 weekly round-trip passenger flights were allowed by each side before restrictions were imposed in early 2020 due to the COVID-19 pandemic, but until August 2023, Chinese and U.S. carriers could each fly only 12 a week between the two countries.

The number rose on Sept. 1 to 18 weekly round-trips and then to 24 per week starting Oct. 29. The USDOT approved 35 for Chinese carriers in November.

Airlines for America, a group representing American Airlines (NASDAQ:AAL), Delta Air Lines (NYSE:DAL) and United Airlines, which fly a combined 31 weekly flights to China, said it "supports the U.S. government's approach to slowly, gradually and reciprocally reopen the market with China. It's imperative the U.S. government maintains this approach."

The Chinese embassy in Washington said it was "glad to see the positive progress made on increasing direct passenger flights between China and the U.S." The embassy added it is working to "further facilitate cross-border travel and promote people-to-people exchange between the two countries."

Reuters reported last June that newly approved Chinese flights to the United States were not overflying Russia, which would have given them a shorter flight time and fuel advantage over U.S. rivals blocked from Russian airspace.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Other international air markets involving China have reopened far more quickly, with seat capacity between China and the United Kingdom this month exceeding pre-pandemic levels by 30%, and China-Singapore by 6%, according to aviation data provider OAG.

The USDOT said it was engaged in a productive dialogue with China's aviation regulator towards the "implementation of a roadmap to provide for a gradual, broader reopening of the U.S.-China air services market and a phased and predictable return to the capacity entitlements" specified under a U.S.-China agreement.

On a trip to China last year, U.S. Commerce Secretary Gina Raimondo said she wanted to boost travel and tourism between the two countries.

If China returned to 2019 U.S. tourism levels, it would add $30 billion to the U.S. economy and 50,000 U.S. jobs, Raimondo said in August.

Latest comments

30 billion at 2019 levels.
Why has Pete allowed the Chinese to consistently fly more flights from China to the U.S than we are allowed to fly to China…Who’s on the take for this Pete….Truly against our country the U.S and for all others…Just goes on and on….Let the 6 billion walk in…Keep that U.S. standard of living going down to meet the rest of the 7 billion people…This is all a plan against us by those you keep voting for…
What is the economic impact to the USA from visitors from China?
U guys do anything but complain?
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.