Zero Hedge: China Flight Departures Collapse Amid Delta Virus Spread
Outbreaks of the COVID-19 Delta have severe growth implications for Asia-Pacific (APAC) countries. Government restrictions to mitigate the spread of the virus have already dented air travel in the region, according to BloombergNEF.
APAC countries, including China, Japan, Korea, India, Australia, and New Zealand, among others, reduced 11.1% of flights scheduled to depart this week, compared to this time last week. This has profoundly impacted jet fuel demand, slashing 170,000 barrels per day less - China led the cuts.
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WNU Editor: It looks like the world's supply chains are about to get worse .... Major container ports in eastern China see worsening congestion after COVID cases (Reuters).
