International Railroad Discussion > Chinese airlines resent HS Rail

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