BUSINESS China's civil aviation market hits one-trillion-yuan level in 2019

BUSINESS

China's civil aviation market hits one-trillion-yuan level in 2019

Xinhua

20:15, January 14, 2020

BEIJING, Jan. 14 (Xinhua) -- China's booming civil aviation industry saw its annual revenue reach 1.06 trillion yuan (about 154.27 billion U.S. dollars) in 2019, according to the civil aviation authorities.

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File photo: Xinhua

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

In 2019, the country's civil aviation industry operated 660 million passenger trips and 7.52 million tonnes of air cargo, a year-on-year increase of 7.9 percent and 1.9 percent, respectively, said the latest CAAC statistics.

In 2018, the annual revenue of China's civil aviation industry was 875 billion yuan, a 17-percent 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.

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