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

    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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