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"China's poverty alleviation campaign is one of the most remarkable stories of modern times in the broadest sense, not just for poverty alleviation itself, but also in terms of the advancement of human civilization. The story really needs to be appreciated more, certainly in the West, but also in China," Kuhn said.

"Clearly, artificial festivals like Dec 12 play a role in boosting discretionary spending. Elements of the festival, such as countdown shows and celebrity endorsements help to drum up the mood for spending," Qi noted.

"Conducting livestreaming sessions can help carriers attract more attention and promote their services. It is suitable for airlines to carry out such sessions, and there is still growth potential," said Lin Zhijie, an aviation industry analyst and a columnist at Carnoc, one of China's largest civil aviation websites.

"China's sincere help has gained praise from downstream countries," he said.

"Considering the European market tends to be conservative and stable, the end of the EU's restrictions won't affect demand immediately but the demand in the European market is likely to be higher than the originally anticipated figure due to price cuts starting from next year," he said.