China Southern Airlines expects to its 2008 net loss to be worse than previously expected owing largely to its decision to retire older aircraft whose value continues to decrease in the current economic downturn. It said in a filing to the Shanghai Stock Exchange that the impairment "will, to some extent, have a negative impact on the 2008 financial results of the company." The Guangzhou-based carrier warned in January that it expects to report a full-year loss owing to "the drastic decrease ...

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