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 are the key drivers affecting the profitability of airlines this year?

What is the forecast for the airlines' profitability in 2023?