Oct. 6 (Bloomberg) -- China’s air travel grew at less than half the pace of capacity in the first four days of the weeklong National Day holiday, adding to signs that the world’s second- largest economy may be slowing down.
The number of passengers rose 5.7 percent to 3.37 million in the Golden Week holiday starting Oct. 1, the Civil Aviation Administration of China said in an Oct. 4 statement on its website. The number of seats available expanded by 12 percent.
Growth in passenger numbers slowed from a 24 percent jump for the entire Golden Week vacation last year as waning manufacturing and a cooling property market damps consumer spending. A gauge of Chinese production compiled by HSBC Holdings Plc and Markit Economics shrank for a third month in September.
Airlines filled between 78 percent and 84 percent of seats on domestic routes during this year’s Golden Week holiday, the aviation regulator said. On international routes, passenger load factors ranged between 77 percent and 89 percent.
Last year’s travel numbers were partly boosted by the World Expo in Shanghai.
--Editors: Neil Denslow, Michael Tighe
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