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World Airlines in Reverse With Capacity Cuts From Europe to China

14:57  20 january  2021
14:57  20 january  2021 Source:   bloomberg.com

China keeps promising Africa coronavirus vaccines. But where are they?

  China keeps promising Africa coronavirus vaccines. But where are they? Chinese Foreign Minister Wang Yi's trip to Africa this week made it no clearer when Africans can expect to receive a Chinese vaccine -- or on what terms. © Xinhua Ethiopian Health Minister Lia Tadesse and Liu Yuxi, head of the Chinese Mission to the African Union, and other guests attend the groundbreaking ceremony for the China-aided Africa Centers for Disease Control and Prevention (Africa CDC) headquarters in Addis Ababa, Ethiopia in December 2020. "The promises concerning vaccines in Africa have been really vague. There has been no timetable, only promises," said W.

Major carriers like Delta, American Airlines , Qatar Airways and Air France went so far as to suspend all flights to mainland China , while dozens more stopped flying to some of its All flights to China and Italy; cut capacity to South Korea, Japan, EU countries and Latin America (various suspension dates).

Mandarin Airlines , a China Airlines subsidiary, is also cutting services to the country from Taiwan, Bloomberg reported. Delta Air Lines . Taiwan's EVA Air and its subsidiary UNI Air joins China Airlines in changing its flight schedule for services to mainland China , according to the airline 's

(Bloomberg) -- Airlines around the world are slashing more flights into the new year as the worst crisis to hit the industry shows no sign of letting up.

Europe remains the region hardest hit by curbs on travel, with carriers operating at about a quarter of their capacity before the start of the Covid-19 pandemic, according to John Grant, an analyst at aviation data group OAG. Even China, which spent the latter part of last year flying more or less as normal, has seen a 12% reduction in flights as of Jan. 18, he said.

“It’s not looking good, and if anything it’s moving backward,” Grant said at a webinar on Wednesday. “We’ve just got to stoically accept that if you want to travel internationally you have to get some sort of certification.”

Beijing is a conventional rival — not an existential threat

  Beijing is a conventional rival — not an existential threat Misreading or exaggerating Chinese intentions, the U.S. risks putting its own interests and security at risk. A state that credibly seeks to overturn the existing international order and achieve global dominance is a profound danger, demanding far-flung military commitments and astronomical expenditures. War with such a government becomes vastly more likely. A conventional competitor, however, requires less in the way of blood and treasure; the stakes are lower and the game is more predictable. Moreover, much of this competition can occur outside of the military domain: Washington can focus on decoupling the U.

The latest changes impacting frequency, capacity , schedules and the wider market due to COVID-19 through OAG to insight and data. Taking Stock | Prospects for the World's Airlines in 2021 - Session 1. Join our expert panelists as we discuss: How soon will vaccine roll-outs get the world moving again?

Many flights from Europe and U.S. to China no longer available. Airlines have slashed capacity as coronavirus wrecks demand. Cambridge University student James Shen didn’t hesitate to pay double for a business-class ticket to fly to China last Friday, deciding it would be safer there than in the U.K

chart, line chart: Losing Momentum © Bloomberg Losing Momentum

OAG’s figures paint a harrowing picture for an industry already on its knees after border closures and other travel restrictions first pushed bookings off a cliff last year. Hopes for a recovery this summer are in peril, after a resurgence in cases and the discovery of more transmissible new variants in a number of countries.

Read More: European Airlines Brace for Turbulence With Summer Hopes Fading

Singapore capacity has slumped 88%, the U.K. is down 87% and Germany 84%, OAG data show. Ryanair Holdings Plc, Europe’s largest discount carrier, has cut about 92% of flights, Grant said. Jet2 Plc, a British airline, has essentially stopped flying altogether, he said.

The arrival of vaccines offer some hope for the aviation industry, though rollouts take time and should be seen as just one solution for getting tourism back on its feet, according to the analyst. A full recovery may take as long as four more years, Grant said.

For more articles like this, please visit us at bloomberg.com

©2021 Bloomberg L.P.

From tariffs to Uighur 'genocide,' Biden opts to follow Trump's lead on China .
President Biden's first week in office was largely focused on rolling back many of former President Donald Trump's policy priorities with a stroke of a pen, except when it came to China. © Provided by Washington Examiner From economic to foreign policy, Biden's early posture toward Beijing mirrors that of his predecessor, at least as his administration finds its proverbial feet.

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