综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Economy

Markets

Industries

Insights

Reports

Events

Shanghai Airlines estimates losses of 870m yuan for 2008

By Lu Haoting (chinadaily.com.cn)
Updated: 2009-01-20 11:19

Shanghai Airlines said its losses for 2008 could exceed 870 million yuan ($127.19 million), more than double that in the previous year.

The Shanghai-based carrier took a real cash loss of 8.5 million yuan on fuel hedging contracts as at Dec 31, 2008, it said in a filing with the Shanghai Stock Exchange on Tuesday.

The airline said its book losses in the fair value of fuel hedging contracts during the period totaled 170 million yuan.

The airline attributed the poor performance to rising fuel costs and falling market demand due to snowstorm at the beginning of last year, the devastating earthquake in Sichuan province, stringent security inspection during the Beijing Olympic Games and the global economic slowdown.