HomeAsiaDaily News BriefsHainan Airlines forecasts up to USD9.4bn net loss in 2020

Hainan Airlines forecasts up to USD9.4bn net loss in 2020

HomeAsiaDaily News BriefsHainan Airlines forecasts up to USD9.4bn net loss in 2020
1-February, 2021

    Hainan Airlines stated (29-Jan-2021) it expects to report net losses between CNY58 billion (USD8.4 billion) and CNY65 billion (USD9.4 billion) for 2020, compared to a net profit of CNY543.2 million (USD78.7 million) in 2019, citing the ongoing coronavirus pandemic. The carrier is expecting an operating loss of CNY16.5 billion (USD2.4 billion) for 2020.

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