31-Jan-2019 10:29 AM

Hainan Airlines warns of possible net loss in 2018

Hainan Airlines announced (31-Jan-2019) it expects 2018 net result to be between a CNY500 million (USD75.7 million) loss to a CNY500 million (USD7507 million) profit, a decline of at least 50% year-on-year. The carrier attributes the profit warning to an increase in jet fuel and landing fees, exchange losses compared to an exchange gain in 2017, and asset disposal losses. [more - original PR - Chinese]

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