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Air China’s 2020 net loss could hit US$2.4 billion
February 1st 2021
Air China said in a regulatory filing to the Stock Exchange of Hong Kong it expected to report a net loss in the range of 13.5 billion-15.5 billion yuan (US$2.1 billion-$2.4 billion) for calendar 2020, compared with a net profit of 6.4 billion yuan a year earlier. Read More » The Star Alliance member said 2020 market demand for civil aviation passenger flights in China shrank due to COVID-19. "The operation of the company experienced unprecedented difficulties and challenges with a substantial decrease in overall revenue," Air China said on Friday.
