Shanghai Airlines suffered a CNY42.7 million ($6.2 million) loss in the third quarter, narrowed 90.2% from a CNY437.5 million deficit in the year-ago period. Operating revenue jumped 14.9% to CNY3.62 billion while expenses rose 6% to CNY3.81 billion. SAL cited a decline in passenger boardings caused by the global financial crisis, stricter security measures taken prior to China's Oct. 1 national holiday and falling fares as the culprits. It also cited a CNY50 million loss at its Shanghai ...

Subscribe to Access this Entire Article

"Shanghai Airlines reports smaller third-quarter 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?

Already registered? here.