Hainan Airlines expects to return to net profit for 2021
01/28/2022|10:33:02 PM|Reuters

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 RMB 4.5-6.2 billion (USD 708-975 million) after suffering a loss of RMB 64 billion 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.

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