The carrier is just the latest firm pushed to the brink of crisis by HNA Group’s struggles under a mountain of debt.
Club Med owner Fosun Tourism expects annual loss of up to $410 million; Chinese airlines’ income for the festival travel may rush down 60%-70%.
Construction of the airport’s third runway is expected to be finished in 2022 and should be fully operational by 2024.
A strong route network, high brand value and an experienced management team as well as restructuring efforts by China’s No. 4 carrier, were among the reasons cited.
China suspends most foreign nationals traveling from Canada; Chinese airlines among alleged victims of $10 billion embezzlement.
China Southern's 96.85 million passengers in 2020 is likely to be the largest tally among global carriers, as U.S. rivals that occupied the top four slots in 2019 have suffered much sharper declines.
As many as 500 companies linked to HNA Group are expected to go into bankruptcy restructuring.
Travel experience booking platform Klook raises $200 million; China set to expand blacklist of overseas tourist destinations.