China’s travel rebound risks supercharging of jet fuel prices: Report
After years of pent-up demand for leisure and business travel due to the ravages of Covid-19, millions of Chinese are taking to the skies again as the nation leads an aviation boom across Asia.
China’s return is thought to be the final missing piece in the global air travel recovery. Domestic travel has led the rebound in Asia’s top aviation market, and now international travel is set to take off after the lifting of a ban on group tours to popular destinations.
Yet the resurgence comes with a drawback: It’s likely to lift jet fuel consumption amid tight supplies, potentially super-charging prices.
