Air China Third-Quarter Profit Sinks 93% as Jet Fuel Costs Erase Summer Travel Gains
The flag carrier flew 7.3% more passengers in the peak quarter but kept just 271 million yuan of profit, with China Eastern and China Southern reporting next.
The flag carrier flew 7.3% more passengers in the peak quarter but kept just 271 million yuan of profit, with China Eastern and China Southern reporting next.
Tourists now pay consumption tax at the till and get it back only after customs confirms their purchases are leaving Japan within 90 days.
Japan's two biggest airlines posted record or near-record sales for April to September, but higher fuel costs cut their profits. JAL plans to add a fuel surcharge to domestic fares from April 2027.
Australia's biggest airline said fuel prices will stay high through its financial year, so it will keep adjusting fares and trimming domestic seats while adding international flying.
Holiday travelers face shorter visa-free stays in Thailand, a tripled departure tax in Japan and a Thai arrival levy that is still being designed.
Mainland travelers drove the gain and long-haul markets grew, but short-haul arrivals fell 9% as flight capacity and fuel surcharges bit.
Vietnam and China routes grew fast, but Singapore's hub barely moved overall as airlines kept regional flying lean, while chip shipments lifted freight.
Visa-free entry in Asia increasingly comes with an online form first. Here is what Japan, South Korea and Thailand ask of short-term visitors, and when.
China is back as the top market, but weaker flows from Malaysia and South Korea leave the kingdom well short of last year's pace heading into the high season.
One check-in and through baggage now link two big mainland cities to HKIA's global network, as the hub leans on connecting passengers to grow.
Brokerages expect a 2% to 6.1% decline as VIP play weakens on mainland tax enforcement, even as visitor arrivals head for a record year.
Nine-month data show high-speed rail drawing more overseas travelers, with cross-border lines to Hong Kong and Laos growing faster than the network as a whole.
Long-haul markets are carrying the growth as South Korea, the No. 2 source market, slips, leaving 5.5 million visitors to find in two months to hit the target.
The Southeast Asian online travel platform says its users are moving past Tokyo and Seoul, and it is pitching its year-end sale squarely at China, Japan and South Korea.