Shanghai Airlines - 2008 losses expected to double, on weak demand and fuel hedging losses

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Shanghai Airlines stated it expects its net loss for 2008 to double from the previous year's CNY435 million (USD64 million) to CNY860 million (USD126 million), due to weak travel demand and losses from fuel hedging contracts. The carrier is due to issue its 2008 results on 30-Apr-2009.

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