Hainan Airlines shares plunge on reorganisation, profit warning

Addison Gong

February 01, 2021 10:00 am

Hainan Airlines_575px_adobe_26Aug20 — China, Hainan Island, Sanya bay - December 2, 2018: Sanya City. An airliner flying directly overhead against a blue sky, editorial. | evgenii - stock.adobe.com

The share prices of key subsidiaries of HNA Group took a beating on Monday after the beleaguered Chinese conglomerate announced a bankruptcy restructuring. One of its companies, Hainan Airlines Holding Co, also forecast $10bn of losses for 2020.

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Addison Gong

SSA editor GlobalCapital