Posted on 01/17/2009 11:03:46 PM PST by TigerLikesRooster
Air China warns it faces loss due to fuel hedging Fri Jan 16, 11:17 pm ET
BEIJING – Air China Ltd., one of China's three major state-owned carriers, warned Saturday it faces a "significant loss" for 2008 because of wrong-way bets on fuel prices that will cost nearly $1 billion.
(Excerpt) Read more at news.yahoo.com ...
Ping!
Airlines !! One of the few industries yet to be state owned in the U.S.A.
yitbos
Off with the wrong-way hedger’s heads!
Well, I will say this: Air China has splendid on-board service, often by gorgeous stewardesses, in first class. I remember being curious as to why there was a pair of new house slippers in the seat pocket; I simply reached toward them and boom, a stewardess was on her knees beside me to put them on my feet.
Not likely to see that on an American carrier anytime soon. You’re lucky if they don’t scowl you to death.
MM
So there is a bright side to all this. A $100B loss to Communist China would be a lot better though :>} Waiting for flames from those who love doing their business with Communist China’s government post :>}
No flames from me....no sympathy for the nation that has usurped and had wealth-redistributed trillions of dollars from the USA thru bad trade deals...and is still one of our biggest national security threats.
I guess, with the economy sinking, there arent as many pro-Commie China syncophants on here as much anymore
My dad was in China in the 20s and 30s and later flew in the CBI out of India into China. He always said China would not remain communist for more than a couple of generations; unlike the Rooskies, they have natural trading instincts.
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