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Hainan Airlines struggling to stem the red ink in 2009

19-Feb-2009

Hainan Airlines stated it expects to report a loss for 2008, due to weak demand and high fuel costs. The airline, which reported a USD95 million profit in 2007, will issue detailed 2008 financial reports in Mar-2009. [486 words]

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Subheadings:

  • Seeking more government support
  • Codeshare deal with Air Berlin, Hong Kong airlines cut surcharges

Graphs and data:

  • Hainan Airlines' aircraft deliveries schedule: 2009 to 2013
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