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International Railroad Discussion > Chinese airlines resent HS RailDate: 04/01/14 09:26 Chinese airlines resent HS Rail Author: chico Chinese airlines resent HS Rail
In part.. Airlines in China are unhappy with the Chinese government for heavily funding the high-speed rail system, especially because the rail network is siphoning off customers who once used the airlines. The profits the airlines are making have dwindled in the last year; China Southern Airlines saw its net profit drop 24% and its operating profit plummet 70%; Air China’s net profit dropped 32%, and China Eastern Airlines watched its net profit plunge 25%. Here's the link. http://www.breitbart.com/Big-Peace/2014/03/31/Chinese-Airlines-Resent-Chinese-High-Speed-Rail Chico |