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Cathay Pacific 1H2009 plummets; JAL considering significant 2H2009 cut backs

Analysis

Asian airline shares were mixed on Wednesday (05-Aug-09), reflecting weaker conditions on regional equity markets after reaching 11-month highs earlier this week. Leading the gainers yesterday was Shanghai Airlines, up 5.1%, despite the carrier stating it expects to report a 1H2009 loss due predominantly to cargo volume reductions.

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