China Eastern Airlines' troubles continued into the first quarter as it posted a CNY510.9 million ($66.26 million) loss, narrowed from a CNY955.1 million deficit in the year-ago quarter. The news came days after the carrier announced that it fell to a heavy loss in 2006 (ATWOnline, April 23). It identified "high gearing ratio and intensified market competition" as the culprits and said it expects losses to continue in the second quarter. First-quarter revenue climbed 23.6% year-over-year to ...

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