China National Day Holiday Domestic Airfares Up 11% Year-on-Year

The gap between the headline increase and the smaller base-fare gain points to taxes and surcharges doing much of the work, so the underlying demand signal is softer than the double-digit figure suggests. For an aviation market still rebuilding international capacity, a firm holiday pricing window matters less as a demand indicator than as a test of whether domestic yields can hold once the peak travel week passes. Whether the base-fare trend continues into the post-holiday shoulder season is the open question.