国产人人色I色婷婷综合久久中文字幕雪峰I奇米色777欧美一区二区I久热久热aV爽青青在线I国产av喷水I国产伦精品一区二区三区免.费I高潮av在线Iww欧美一级I91天天看I黄a在线91I九一无码中文字幕久久无码色…I丰满国产精品视频二区

Economy

Markets

Industries

Insights

Reports

Events

Shanghai Airlines forecasts heavy loss for 2008

(Xinhua)
Updated: 2009-01-21 11:01

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.

Related readings:  Shanghai Airlines estimates losses of 870m yuan for 2008  Shanghai Airlines seeks government cash injection  Shanghai Airlines may get cash injection  Shanghai airlines forecast mixed results

The high oil prices, weak travel demand caused by the global economic slowdown and heavy hedging losses led to the loss, the carrier said in the notice.

It has lost 170 million yuan ($24.9 million) in the fair value of fuel hedging contracts by the end of 2008.

The airline posted a net loss of 435 million yuan in 2007.

The country's airline companies faced a tough time last year. Last week, China Southern Airlines Co, the nation's largest airline by fleet size, and China Eastern Airlines Co, the country's third largest airline by fleet size, both forecast loss for 2008. Air China also predicted a huge loss for last year.