May's SARS fallout has hit home -- China Southern
Airlines' RPMs for that month were down 82.9%, compared to the
not-so-great same month, a year earlier.
Looking at one of the reputed hubs of SARS, Hong Kong, tells
even more of the story: traffic to the Hong Kong Special
Administrative Region was down 90.7%. International travel overall
was down nearly 85%.
Even the airline's cargo traffic hit the cumulus granite:
revenue-ton-miles were awful, compared to May, 2002 -- the airline
experienced a drop of 2/3 of its overall cargo. Most of that cargo
drop was in the China markets, however; international cargo was
down not quite a third.