06-Apr-2009 10:53 AM
China Airlines up despite record loss, Virgin Blue soars despite Tiger threat
Analysis
China Airlines (CAL) reported a USD970 million net loss in 2008 - a record deficit - which it attributed to high fuel costs for the first three quarters of the year and slumping revenues in the fourth. The result was around USD85 million worse than median analyst forecasts, but the carrier's shares went up 4.2% on Friday.
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