Slower Pace of Recovery for China's Big 3 Airlines: Jain

The transcript discusses the impact of a profit warning on airline results, focusing on yield trajectory and capacity recovery. It highlights challenges in international recovery due to COVID-19, such as ground handler shortages and visa issues. The forecast for international business travel suggests a gradual recovery to 70% of 2019 levels by December, with full recovery expected by 2025. Southeast Asia is leading in travel recovery, with over 50% of 2019 levels. Despite challenges, China Airlines is expected to achieve marginal profitability due to stable costs and potential tailwinds from oil prices.

What factors are contributing to the slower pace of recovery in international airline capacity?

• Increased fuel prices

• Shortage of ground handlers and visa issues

• High demand for domestic travel

• New airline regulations

By the end of December, what percentage of 2019 levels is international capacity expected to reach?

• 50%

• 60%

• 80%

• 70%

Which region is leading the recovery in international travel according to the transcript?

• North America

• Southeast Asia

• Middle East

• Europe

What is the expected average international capacity level in 2024?

• 75%

• 80%

• 90%

• 85%

What is one of the key drivers for China Airlines' potential profitability?

• Increased ticket prices

• Reduction in fleet size

• Expansion into new markets

• Stable costs and oil price tailwinds