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Tue Apr 1, 2014, 11:26 PM

Chinaís high-speed rail is so popular, itís 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 from low-cost carriers and each other, have taken a toll. But, as each airline has recently acknowledged, so has Chinaís massive and growing high-speed rail system.

As Quartz reported last August, the costly and sometimes under-used rail network was shaping up to be a vital part of Chinaís growth strategy. It doesnít have the hurdles of the airline industry: Airlines in China struggle to get clearances from the military to expand flight paths, and Chinaís major airports have earned the title of the most-delayed in the world, where passengers sometimes riot to protest long waits and miserable customer service. .................(more)

The complete piece is at: http://qz.com/193556/chinas-high-speed-rail-is-so-popular-its-hurting-the-domestic-airline-industry/



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Reply Chinaís high-speed rail is so popular, itís hurting the domestic airline industry (Original post)
marmar Apr 2014 OP
dballance Apr 2014 #1
geomon666 Apr 2014 #2
KurtNYC Apr 2014 #3
JDPriestly Apr 2014 #4
IronLionZion Apr 2014 #5
marions ghost Apr 2014 #6

Response to marmar (Original post)

Tue Apr 1, 2014, 11:32 PM

1. I can only dream of such a thing here in the US. /nt

 

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Response to dballance (Reply #1)

Wed Apr 2, 2014, 12:26 AM

2. It would be so great. n/t

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Response to marmar (Original post)

Wed Apr 2, 2014, 01:50 AM

3. Airlines are in bad shape everywhere

Airlines are perpetually broke in the US and it isn't due to any rail competition. The least fuel efficient way of moving ANYTHING.

We should be building out OUR rail capacity before the coming spike in fossil fuel prices.

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Response to KurtNYC (Reply #3)

Wed Apr 2, 2014, 02:31 AM

4. Agreed. I travel Amtrak when possible and love it.

But it's too slow for cross-country.

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Response to JDPriestly (Reply #4)

Wed Apr 2, 2014, 03:50 PM

5. Amtrak is a viable force in the northeast

I have colleagues who often take it between DC and Boston. Its not as fast in other less densely populated corridors.

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Response to marmar (Original post)

Wed Apr 2, 2014, 03:59 PM

6. Lucky China

we need all the ground mass transit we can get.

But we're not allowed to have it.

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