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HSR steals airline traffic in China, Spain

 
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jabailo



Joined: 20 Mar 2006
Posts: 1273
Location: Kent (East Hill), WA

PostPosted: Wed Feb 10, 2010 11:17 am    Post subject: HSR steals airline traffic in China, Spain Reply with quote

‘Invincible’ High-Speed Trains Steal China Southern’s Customers

http://www.bloomberg.com/apps/news?pid=20601109&sid=a0puaHvHyteA&pos=12

Quote:
Competition from trains that can travel at 350 kilometers per hour (217 miles per hour) is forcing the carriers to cut prices as much as 80 percent at a time when they are already in a round of mergers to lower costs. Passengers choosing railways over airlines will also erode a market that Boeing Co. and Airbus SAS are banking on to provide about 13 percent of plane sales over the next 20 years.



Spain's High-Speed Trains Outmuscle Airlines

http://www.businessweek.com/globalbiz/blog/europeinsight/archives/2009/10/spains_high-spe.html

Quote:
Needless to say, the arrival of Ave hasn’t been good news for Iberia or a number of discount Spanish airlines that sprang up in recent years. According to media reports, high-speed trains now carry almost half of the passengers between Madrid and Barcelona.
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