China Southern Airlines reports a ´544 million ($66 million) net loss for 1998, and China Eastern Airlines is not far behind with losses of ´481 million. Elsewhere, Singapore Airlines reported a 27% drop in group operating profits for its 1998/9 year to March, dipping to S$549 million($320 million). The net result was a flat S$1 billion.

Source: Airline Business

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