Shanghai Airlines is expecting a "difficult" 2009, although a turnaround is possible if it can maintain its passenger load factor of 72% and the airline industry shows signs of recovery in April or May, Chairman Zhou Chi said. SAL announced in January that it expects to report loss for 2008. In response, it announced a 20% cut in senior management salaries and said it would not lay off any employees. Zhou said SAL will shift more resources to passenger transport, as "cargo transport, ...

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