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01 Sep 2017, April Capuz, EMIS Editor

China airline earnings dropped as high-speed train routes expand

China’s three state-owned airlines see a drop in sales revenue as more passengers prefer rail transportation due to high frequencies, cheap prices, on-time arrivals and convenience, China Daily said referring to the airline companies’ half-year reports.

Air China, China Southern Airlines and China Eastern Airlines all pointed out that the continuous expansion of train routes has a negative impact on their earnings.

The country’s aviation sector should learn from their competitors in the high-speed train sector and provide more convenient services for the passengers, an industry expert told China Daily.

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