International Flights Return to Shanghai

We track scheduled flights (what’s planned) and tracked flights (what took off) from a sample of the largest airports across the world.

Looking at data up to 20 March 2023:

• Average global departures have breached 110,000 per day for the first time since January 2020 (Chart 1)!
• The China re-opening continues. The country has resumed applications for foreign commercial performances, having already resumed issuing all types of visas for foreigners on 15 March. Meanwhile, Shanghai Hongqiao International Airport, the second international airport in Shanghai, has resumed international flight routes, according to a post on the official WeChat of the Shanghai Airport Group.
• Elsewhere, departures have recovered from last week’s strikes in Europe (+4.0%), with Paris being the leading beneficiary. The number of departures regressed from the US (+3.5% WoW).

Information on long-term movements in flight data is available below.

China

Japan

Hong Kong

South Korea

Singapore

Thailand

US

UK

Italy

Spain

Germany

France

Canada

Bilal Hafeez is the CEO and Head of Research at Macro Hive. He spent over twenty years doing research at big banks – JPMorgan, Deutsche Bank, and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets research.

Ben Ford is a Researcher at Macro Hive. Ben studied BSc Financial Mathematics at Cardiff University and MSc Finance at Cass Business School, his dissertations were on the tails of GARCH volatility models, and foreign exchange investment strategies during crises, respectively.

Photo Credit: depositphotos.com

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