China Eastern Airlines is taking a series of measures to curb rising operating costs and try to engineer a turnaround from what it expects to be a significant 2008 loss. Already due a CNY7 billion ($1.02 billion) capital injection from the Chinese government (ATWOnline, Jan. 6), CEA said in a Monday filing with the Shanghai Stock Exchange that it suffered a CNY6.2 billion loss resulting from a writedown in the value of its fuel hedges on Dec. 31. It reported cash losses of $420,000 and $14.2 ...

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