China Southern Airlines expects to report a full-year loss despite the fact that it was able to maintain profitability on its fuel hedges. China Eastern Airlines issued a similar warning this week (ATWOnline, Jan. 13). CZ noted in a statement released yesterday that "the drastic decrease in air transportation demand impacted by a notable slowdown in domestic economic growth" and "high domestic fuel prices" are to blame for the result, which would have been worse had it not suspended its fuel ...

Subscribe to Access this Entire Article

"China Southern expects 2008 loss" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.