China's skies increasingly crowded with passenger jets
2014-12-26 08:38:43 source：USC Edu
December 25, 2014
"On an average day in 2010, roughly 679,500 people traveled by air in China, fewer than half the daily number in the U.S. (1,690,000). These domestic travelers departed on one of about 5,100 daily flights in the country, constituting an average flight load of about 133 passengers. Guotai Junan securities predicts that the industry will grow by 12.5% in 2011, resulting in 84,900 more passengers per day. Travel in the U.S., albeit much larger, is projected to grow by 2.4% in 2011, or 41,556 more flyers a day.
The rate at which Chinese domestic air travel is growing has slowed however, with this year's rate more than a whole percentage point below the 2010 growth rate of 14.8%. Other domestic travel options, specifically high-speed railways, are carrying more and more passengers. In 2011, high-speed rail is expected to divert 15,600-71,200 travelers a day away from airlines. That fewer passengers may result in a daily revenue loss between US$154,000 and US$703,000 (about RMB1-4.5 million). "
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