Hainan Airlines expects to return to net profit for 2021
Hainan Airlines expects to return to net profit for last year following restructuring and a pickup in domestic travel, the carrier said on Thursday. The airline expects to report a 2021 net profit of between 4.5b yuan and 6.2b yuan ($708m to $975m) after suffering a loss of 64b yuan a year earlier, it said in a stock filing. In early December, the indebted HNA Group transferred management of its core aviation business, including Hainan Airlines, to strategic investor Liangning Fangda Group Industrial, wrapping up a years-long debt crisis at one of China's highest flying conglomerates.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2022-01-28/unaligned/hainan-airlines-expects-to-return-to-net-profit-for-2021
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Hainan Airlines expects to return to net profit for 2021
Hainan Airlines expects to return to net profit for last year following restructuring and a pickup in domestic travel, the carrier said on Thursday. The airline expects to report a 2021 net profit of between 4.5b yuan and 6.2b yuan ($708m to $975m) after suffering a loss of 64b yuan a year earlier, it said in a stock filing. In early December, the indebted HNA Group transferred management of its core aviation business, including Hainan Airlines, to strategic investor Liangning Fangda Group Industrial, wrapping up a years-long debt crisis at one of China's highest flying conglomerates.<br/>
