News
Hainan Airlines shares continue to lose value on Mainland bourse
February 2nd 2021
Hainan Airlines shares have fallen for a second day after it flagged late last week it would report a 2020 full year net loss of 58 billion to 65 billion yuan (US$9.0 billion-US$10.1 billion). Read More » The airline also was impacted by an announcement from parent company, HNA Group, that it had received a court notice that creditors had sought bankruptcy and reorganisation of the company because of the group’s failure to meet debt falling due. Hainan Airlines shares were down by about 9.5%, at 1.24 yuan, in afternoon trading today on the Shanghai Exchange after tumbling close to 10% yesterday.
