Shanghai Airlines posts $183 million 2008 loss
Shanghai Airlines reported a 2008 net loss of CNY1.25 billion ($182.8 million), nearly tripling a net deficit of CNY435.12 million in 2007, on an 8.6% lift in revenue to CNY13.37 billion. The carrier blamed the loss on "the sharp drop of domestic demand caused by the Sichuan earthquake last May and...
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