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Hainan Airlines faces another difficult year
15th June, 2009
Consistent with outcomes for most of China’s airlines, 2008 was a bleak year financially for Hainan Airlines, with a drastic turnaround from profit to loss being experienced. The carrier has sought government financial support to ease it through a very challenging start to 2009. [1126 words]
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This report contains the following subheadings:
- Share price reflects the airlines results
- New capital raising approved
- Fleet purchases are down in 2009
- Network growth continues, with a range of international destinations in the frame
- HNA to partner in a new regional airline
This report contains the following charts and tables:
- Hainan Airlines - consolidated financial highlights for 12 months ended 31-Dec-08
- Hainan Airlines - financial highlights for 1Q09 ended 31-Mar-09
- Hainan Airlines - forecasts for 12 months ending 31-Dec-09
- Hainan Airlines passenger number growth and cargo volume growth: Jun-2008 to May-2009
- Hainan Airlines share price growth May-2008 to Jun-2009
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