Air China is pessimistic about its financial prospects and now is not expecting a turnaround this year. It already has said it expects to report a heavy loss for 2008 (ATWOnline, Jan. 21), and this week Chairman Kong Dong said, "We don't have confidence that the carrier will earn a profit this year," Reuters reported. Kong revealed that CA's cargo volume has hit a new low, dropping 30%-40%. The airline is hoping to get a capital injection from Beijing similar to the CNY7 billion ($1.02 ...

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