- As of March 1, airfares for domestic flights departing in 3 weeks were down as much as ~50% y/y; some airlines are showing y/y increases for flights departing in 4 weeks.
- All airlines saw y/y fare increases for departures at the end of January. Note that Chinese New Year was on January 25 in 2020 and February 5 in 2019.
- Fares for more recent departures saw double-digit y/y declines (14-36%).
- China Eastern and Air Macau saw the steepest falls after posting flat or increased prices y/y in recent months.
Y/y change in domestic airfares based on weeks before departure; observation week ending 1 March 2020