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Shanghai Air net losses more than double on weak demand, fuel prices

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... ...full story at People's Daily

from People's Daily on Tue, Jan 20 2009

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21 Jan 09 visit 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...
12 Jan 09 visit 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 Oct 08 visit Air China expects loss in first three quarters  »  People's Daily Air China, the country's flagship air carrier, said it expected to post a loss for the first three quarters because of lower passenger volume and high fuel cost. In a statement to the Shanghai Stock Exchange on Thursday, the state-owned airline...
11 Dec 08 visit China Eastern, Southern to receive 3 bln yuan state cash injection  »  People's Daily Two leading Chinese carriers, China Eastern Airlines (CEA) and China Southern Airlines, announced they will get 3 billion yuan (441.2 million U.S. dollars) state bail-out respectively. CEA said in a statement filed with the Shanghai Stock Exchange...
28 Mar 08 visit Hainan Airlines Had A Profitable 2007, Despite Recent Chinese Markets Setbacks  »  Zhonghuarising As reported by Xinhua, China's fourth largest carrier, Hainan Airlines, said yesterday that its net profit quadrupled last year. Net income reached 651 million yuan, up from 166 million yuan in 2006, read the statement from the Shanghai Stock...

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