Wednesday, April 30, 2008

Travel

China To Lose Millions On Flight Cuts

29 April 2008

BLOOMBERG (NEW YORK) -
China Eastern Airlines Corp., the nation's third-largest carrier, said it may lose USD 58 million in sales this year after scrapping flights that a labor dispute disrupted.

Two routes in the southern Chinese province of Yunnan will stop May 4, 2008. The number of its flights on six Yunnan routes have dwindled to between two and six daily.

China's government took away routes from the carrier after its pilots aborted flights to protest working conditions. The country's airlines are facing a shortage of pilots after adding about 100 aircraft in the past year to meet surging travel demand in the world's second-largest aviation market.

Source: http://www.bloomberg.com/apps/news?pid=20601080&sid=ay.FygpPnwRU&refer=asia

(Reliability: 9)

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