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China Eastern Airlines - Large nine-month loss predicted, merger with Shanghai Airlines closer

17-Oct-2008

China Eastern has struggled through one of its most difficult quarters on record. On 10-Oct-08, the carrier stated it would report a “relatively large” nine-month loss. China Eastern has reportedly announced a pay cut for all staff as it seeks to stem losses. [407 words]

Unlock the following content in this report:

Subheadings:

  • Traffic outlook bleak
  • More capacity to Europe, India
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