Hainan Airlines and Shanghai Airlines posted third-quarter net losses of CNY260.8 million ($38.1 million) and CNY437.4 million respectively as declining domestic demand and high fuel prices continued to wreak havoc on China's airlines (ATWOnline, Oct. 31). Hainan reported a CNY228.9 million profit in the third quarter of 2007 while SAL was CNY77.3 million in the black. In the three months ended Sept. 30, HNA's operating revenue fell 8% to CNY3.41 billion against a 9.7% increase in operating ...

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