国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

Shanghai Airlines lost 1.25b yuan in 2008

By Lu Haoting (chinadaily.com.cn)
Updated: 2009-03-25 11:19

Shanghai Airlines encountered a mounting loss of 1.25 billion yuan ($183 million) last year, more than double the loss in the previous year, the airline said on March 25.

Related readings:  Shanghai Airlines gets cash injection of 1b yuan  Shanghai Airlines forecasts heavy loss for 2008  Airline denies merger report

Due to two consecutive years of losses, the Shanghai-listed company's stocks will be capped "special treatment" starting from tomorrow, Shanghai Securties Journal reported on March 25.

The company attributed the losses to dropping air traffic demand and previously surging oil prices.

The airline realized 13.37 billion yuan in sales in 2008, up 8.63 percent year-on-year. But its operating costs surged 21.61 percent year-on-year to 10.03 billion yuan. The 263 million yuan losses at its cargo subsidiary, Shanghai Airlines Cargo International Co Ltd, also had a big impact on the airline's annual report, the company said.

Shanghai Airlines said at the end of last month that it will raise 1 billion yuan by issuing non-public shares to Jin Jiang International Holdings co Ltd, its third largest shareholder, to lower its high debt-to-equity ratio.