23-Jan-2009 11:09 AM
"Shocking" cargo traffic, as Asia Pacific airlines brace for another difficult year - AAPA
Analysis
Asia Pacific airlines are bracing for an extremely difficult year. Merrill Lynch expects Air China, Cathay Pacific, China Airlines, EVA Airways, China Southern Airlines, China Eastern Airlines and Korean Air reported a combined loss of USD6 billion in 2008 and could lose a further USD600 million in 2009.
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