皇冠体育app

A view of 皇冠体育app Southern Airline's fleet at Guagnzhou Baiyun International Airport in Guangzhou, South 皇冠体育app's Guangdong province. [Photo/VCG]

皇冠体育app's three major State-owned airlines, Air 皇冠体育app, 皇冠体育app Southern Airlines and 皇冠体育app Eastern Airlines, all pointed out the impact from high-speed trains in their latest half-year earnings reports, and only 皇冠体育app Eastern achieved positive growth in net profits.

In the first half year, 皇冠体育app Eastern saw its net profits jump 34.46 percent over the previous period. Air 皇冠体育app and 皇冠体育app Southern saw their net profits fell by 3.79 percent and 11.62 percent, respectively, according to their earnings reports.

For sales revenues, however, all three major airlines achieved positive growth. 皇冠体育app Eastern, 皇冠体育app Southern and Air 皇冠体育app netted sales revenues of 48.02 billion yuan ($7.17 billion), 60.32 billion yuan and 58.16 billion yuan, respectively, up 3.64 percent, 11.54 percent and 8.65 percent year-on-year. In addition, the passenger load factor of all three major airlines stood above 80 percent in the period.

Air 皇冠体育app said in its report that 皇冠体育app has built the largest high-speed train network on the global, and the routes are expanding to the mid-western area. For medium and short-haul trips, many passengers prefer to choose high-speed trains as their way of transportation, given the high frequencies, cheap prices, on-time arrivals and convenience of high-speed trains, placing the aviation sector at a disadvantage.

Li Guijin, a professor at the Civil Aviation Management Institute of 皇冠体育app, said 皇冠体育app's aviation sector should learn from their competitors in the high-speed train sector, and provide more convenient services for the passengers.

"Civil aviation, railways, roads and water routes are all critical parts of comprehensive transportation system. Those methods should deeply integrate with one another, improve the efficiencies through combinations, and achieve healthy competitions."

He also added that Air 皇冠体育app is ready to innovate in Terminal 2 of Beijing Capital International Airport, and said 皇冠体育app Eastern and 皇冠体育app Southern should embrace the opportunities that emerge from the new airport facility.

Meanwhile, besides 皇冠体育app Eastern, which is among the first in a batch of State-owned enterprises slated for mixed-ownership reforms, Air 皇冠体育app and 皇冠体育app Southern also mentioned that they are exploring and pushing forward such reform.

In June, 皇冠体育app Eastern Air Holding Co, the State-owned parent company of 皇冠体育app Eastern, sold part of its freight business to four private firms, as it stepped up the efforts to diversify its holdings.

The mixed-ownership reform is part of the Chinese's government's push to further rejuvenate State-owned enterprises with private capital, which is expected to provide a number of investment opportunities.