Hainan Airlines expects loss for 2008
Hainan Airlines, China's fourth-largest carrier said on Friday it expected to report a loss for 2008 because of slumping traffic demand and higher fuel prices during much of the year.
The Middle Eastern airlines will see losses shrink to $300 million in 2010, from a $1.2bn loss the region's airlines suffered in 2009, even as the world airlines' losses become larger, Iata recently revealed in its forecast for 2010.