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... ...full story at People's Daily
from People's Daily on Mon, Jan 12 2009
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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... |
| 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... |
| 27 Nov 08 |
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Fuel-hedging losses hit China Eastern » People's Daily 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... |
| 16 Apr 09 |
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China Eastern Airlines posts largest loss in Chinese aviation history of 14 billion yuan » People's Daily According to China Eastern Airlines' annual report, the company made a net loss of 14.046 billion yuan in 2008. The net loss attributable to equity holders of the company was 13.928 billion yuan. China Eastern Airlines is now insolvent, with debts as high... |
| 17 Apr 09 |
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China Eastern reports steep full-year net loss » People's Daily City-based carrier China Eastern Thursday reported a net loss of 13.93 billion yuan for 2008, a steep drop over 2007, when it had made a net profit of 604 million. The company has attributed the huge loss to several factors, including falling... |
| 20 Jan 09 |
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Shanghai Air net losses more than double on weak demand, fuel prices » People's Daily Shanghai Airlines' net loss more than doubled in 2008 to 870 million yuan (127.2 million U.S. dollars), the carrier said Tuesday in a statement to the Shanghai Stock Exchange. The airline, reporting unaudited figures to the exchange, cited the... |
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