This year, Chinese New Year (CNY) will fall on January 29, which means that it is only a little over 3 weeks away. It also falls only a few days prior to the official launch of the new carrier alliance networks. While Chinese New Year by itself causes significant supply chain disruptions (due to blank sailings informed by a drop-off in demand), the phase-out of the existing alliance services and the phase-in of new services might amplify this impact. On Asia-North America West Coast, looking at the capacity across the 4-week CNY period (the week in which CNY falls plus the following 3 weeks) for 2025 and comparing it to previous years, there is a very sharp capacity growth for 2025 which cannot be explained by any current demand growth factors (....)