SHANGHAI: China Eastern Airlines is evaluating potential losses from its fuel-hedging contracts, said the company yesterday, declining to verify reports that the cost may be as much as $690 million by Nov 14. "We're assessing the possible losses on... ...full story at People's Daily
from People's Daily on Thu, Nov 27 2008
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| 30 Apr 08 |
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China Eastern Pilot Arbitrated to Pay 1.33 Million Yuan »
YouTube video A pilot who quit his job in China Eastern Airlines was sued by the company for breach of their contract. His former employer is asking for 6.6 million yuan in compensation. The second arbitration ruled that the pilot should pay 1.33 million yuan in... |
| 12 Jan 09 |
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China Eastern Airlines reports huge loss in fuel hedging » People's Daily China Eastern Airlines Co. said Monday that its unaudited loss in the fair value of fuel hedging contracts was estimated at 6.2 billion yuan (906 million U.S. dollars) by the end of 2008. The huge loss came as the global crude oil prices plunged... |
| 16 Apr 09 |
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China Eastern Airlines cuts investment to curb losses » People's Daily China Eastern Airlines has announced that it has slashed costs and investments by more than 800 million yuan in the last four months to offset huge losses last year. The company said no jobs would be lost in the cost-cutting program, which ran from... |
| 22 Nov 08 |
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Air China reports $454 mln of fuel hedging loss by Oct. » People's Daily Air China, the country's largest international carrier, said its loss in the fair value of fuel hedging contracts jumped to 3.1 billion yuan (454 million U.S. dollars) by the end of October. The Beijing-based airline said on Oct. 29 it booked a... |
| 21 Jan 09 |
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Shanghai Airlines forecasts heavy loss for 2008 on oil price, demand » People's Daily Shanghai Airlines, one of China's local airlines, said losses in 2008 might more than double from 2007 because of weak travel demand and hedging losses, the company said in a notice to the Shanghai Stock Exchange Tuesday. The high oil prices, weak... |
| 23 May 08 |
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Airline hedges fuel, ups surcharges » People's Daily China Eastern Airlines Corp, the nation's third-largest carrier, is hedging more fuel purchases and raising surcharges to offset record jet-kerosene prices. The carrier plans to hedge 40 percent of its fuel needs this year, compared with ... |
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