China's largest airline has reported record growth for its postal service business in the midst of the SARS crisis. Beginning in mid-April, while many airlines began slicing flights from their schedule, China Postal Airlines not only kept its original route schedule and flight operations but actually expanded them. "Monthly revenue for April 2003 actually increased 43.5% compared to the same period in 2002," says China Southern Airlines president Wang Changshun.
China Southern Airlines signed an agreement with the China State Post Bureau a year ago, which secured the airline's position as the premier cargo, mail and overnight mail carrier in China. The carrier injected $18 million in cash and acquired 49% of the entire equity capital of China Postal Airlines.
In May, China Postal Airlines expanded flight operations by adding flights between Shanghai and Guangzhou and Shenzhen and Kunming.
Source: Flight Daily News
