China Southern Warns Of Losses Up To $1.7bn

China Southern Warns Of Losses Up To $1.7bn


Guangzhou-based is flagging a US$1.7 billion loss for the 2020 calendar year. Citing COVID-19 and the subsequent drop in travel demand, the airline lodged documents with the Hong Kong Stock Exchange on Friday warning of the loss.

After posting a profit of nearly US$418 million in the 2019 calendar year, China Southern now forecasts a loss of approximately $1.7 billion over 2020.

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