Galaxy Securities: In March, civil aviation passenger travel volume remained on an upward trajectory, and the off-peak season staying strong is expected to continue through the April policy incremental window.

2026-04-06 06:42:44

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Ask AI · How will the spring break policy pilot affect expected April travel data?

A Galaxy Securities research report states that, according to Civil Aviation Butler, in March China’s domestic civil aviation passenger volume rose 12% year over year. Of that, the business travel segment’s passenger volume rose 8.3% year over year. It expects that overall civil aviation travel demand growth will still be mainly driven by leisure trips. Considering that pilot provinces for the spring break will begin implementing the policy, it is expected that overall travel data is likely to continue to grow strongly and at a fast pace. Referring to data from Trip.com and Civil Aviation Butler, from April 1 to 6, domestic route bookings were up 9% year over year; for the May Day holiday, domestic route bookings were up 13% year over year. In terms of pricing, for the Qingming Festival holiday, the base ticket price was up 16% year over year.

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