Over 54,011 airline flights scheduled to, from, and within China between January 23 and February 4 were canceled, according to Cirium data cited by CNBC, creating a ripple effect for global oil demand. The 50,000+ flights account for 28% of all scheduled flights to, from, and within China, and 14% of those flights that were canceled were international flights. And more cancellations are coming. And as much as China is hoping that airlines will not get too carried away by cancelling flights, even China’s state-run airlines are considering flight cancellations. Earlier this week, Air China announced that it was canceling some flights to Singapore, Vietnam, and Australia, and is considering limiting its China to US service to just two routes. China has the second highest number of airline passengers in the world behind the United States, although it is expected to surpass the US in the number of passengers […]