Asset Disposals Keep Hainan Airlines Profitable In 2019, Massive Loss in Q1
Credit: Nigel Howarth
Troubled Hainan Airlines managed to get back into the black for fiscal 2019, posting a net profit of CNY543 million ($77 million) as it was kept afloat by a series of asset disposals. China’s fourth-largest airline warned its finances will be back in the red for H1 2020 as operations have been...
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