Air China and Shanghai Airlines joined China Southern Airlines and China Eastern Airlines in announcing that they expect to report losses for 2008. Both CA and SAL cited "the decline in market demand" that was exacerbated by the impact of May's Sichuan earthquakes, stricter security measures surrounding the Beijing Olympics, the global financial crisis and "much higher fuel expenses" until the recent fall in oil prices. The resulting fuel hedge losses then became a culprit (ATWOnline, Jan. ...

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