China Eastern Airlines posted a loss of CNY467.3 million ($58.3 million) in 2005, a reversal from the CNY320.7 million profit reported in 2004, according to press reports. Revenues rose 28.3% to CNY27.45 billion. EVA Airways earned TWD1.33 billion ($41.1 million) last year, a 59% plunge from a TWD3.24 billion profit in 2004, according to a company statement cited by press reports. Pre-tax earnings fell 69% to TWD1.14 billion. "High oil prices are responsible for the drop in net profit in ...

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