Taiwan carrier China Airlines on Friday announced a record net loss for the first half of this year, saying the spike in fuel prices was to blame.
The airline posted a net loss of 6.53 billion Taiwan dollars (207 million US) for the six-month period, compared with a loss of 868 million dollars a year earlier.
For the whole of 2007, the airline's net loss was 2.52 billion dollars.
"Soaring fuel costs are impacting all airlines in the world and China Airlines cannot isolate itself from that," a company spokeswoman said.
"We have adopted a series of measures, cutting and suspending flights, in an attempt to alleviate the pressure," she said.
China Airlines has cut the number of flights by about 10 percent a month from June and will suspend Taiwan-Seattle flights from September 1.
Senior vice president Roger Han said he still expected the company to reap some benefits from the introduction of direct flights between Taiwan and China in July, the first direct cross-Strait air links in six decades.
Mr. Yang Yuanyuan, former Minister of CAAC , was there at Aviation Expo/China 2007 with us
Mr. Gao Hongfeng, Vice Minister of CAAC, was there at Air Show China 2002 with us
Mr. Yang Guoqing, Vice Minister of CAAC, was there at Aviation Expo/China 2005 with us | Video