China Southern Airlines (SHA:600029, HKG:1055) expects its net loss to narrow to between 1.25 billion yuan and 1.87 billion yuan in 2024 from 4.21 billion yuan in 2023, according to a Friday filing with the Hong Kong exchange.
The foreseen lower loss at the airline is attributable to a recovery in China's civil aviation sector, it said.
Higher prices of aircraft and aviation materials brought about by supply chain disruptions prevented a return to profit, China Southern said in its filing.
Shares fell 4% in Hong Kong during Monday's morning trading.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。