Shanghai Airlines predicts loss for 2007
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Shanghai Airlines , a Chinese regional carrier, predicted on Tuesday that it would post a loss for 2007, deteriorating from a net profit of 8.2 million yuan ($1.1 million) in 2006.
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The global airline industry stands to incur losses of between $3 billion and $4 billion this year as surging oil prices wipe out any hope of profit created by rising passenger traffic, the International Air Transport Association said
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Continental Airlines Inc., the nation's fifth biggest carrier, reported a $206 million loss for the fourth quarter, citing continued high fuel costs, fare erosion from competitive pressures and what it called excessive government taxes and fees.
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No. 3 airline says loss to be worse than forecasts; gives new warning of bankruptcy threat. NEW YORK  - Delta Air Lines Inc.
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SHENYANG, China, Feb. 28 -- One day after a massive sell-off at Chinese stock exchanges was at least partially blamed for triggering a worldwide equity plunge, the key Shanghai index regained nearly half of what it lost.
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Continental Airlines CAL.N, the No. 5  U.S. carrier, on Thursday posted a fourth-quarter net loss,  reversing a year-ago profit, as skyrocketing fuel prices and  low-fare competition hammered the industry.
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Changhong, China&#39;s top television maker, said yesterday it expects to post a huge loss for the year 2004 after writing off debts from its US distributor as well as short-term investment losses.
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JetBlue Airways Corp.  said on  Wednesday the huge number of flight cancellations it suffered  last week would result in a wider-than-expected loss for the  first quarter and would cut full-year profit.
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Shaw Group Inc.  on Thursday said it expects to record a loss of about $23.8 million, or 30 cents per diluted share, when it restates results for its first fiscal quarter ended February 28, 2007.
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JetBlue Airways Corp.  said on Wednesday the huge number of flight cancellations it suffered last week would result in a wider-than-expected loss for the first quarter and would cut full-year profit.
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GENEVA: International airlines are heading for a near $US5 billion ($NZ7.12 billion) loss this year, largely due to a rise in oil prices, the industry&#39;s global body said on Tuesday.
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Chinese government officials said on Sunday that there were no survivors in a plane crash which occurred in northern China. There were 47 passengers and six crew members on board the plane headed for Shanghai.
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nearly four times its losses from a year ago -- as the company again warned it needs pilots to take a massive $1 billion
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The troubled tech company releases an estimate of the damage it could sustain in the wake of the airline's bankruptcy filing.
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International airlines are heading for a near &#36;5 billion loss this year, largely due to the oil price rise, the chief economist of the industry's global body IATA said on Tuesday.
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Many airline companies are finding it difficult to make a profit. The International Air Transport Association says it expects the industry to lose up to four thousand million dollars this year.
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SHANGHAI: Changhong, China&#39;s preeminent television maker, said yesterdays it expected to post a &quot;relatively big loss&quot; for 2004 after writing off debt and incurring short-term investment losses.