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'; return $shares.$content.$newsletter; } ?> China’s high-speed rail is so popular, it’s hurting the domestic airline industry

China’s high-speed rail is so popular, it’s hurting the domestic airline industry

This entry was posted by RealNews.Today on March 31, 2014 at 19:16

China’s high-speed rail is so popular, it’s hurting the domestic airline industry

China Southern Airlines is the latest Chinese airline to post miserable year-end 2013 results. Net profit dropped 24% to 1.99 billion yuan ($321 million), and operating profit fell 70%. China Southern Airlines joins Air China, where net profit dropped 32% in 2013, and China Eastern Airlines, where it fell by 25%. High oil prices, as well as increased competition…

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