TOKYO -- Chinese aviation companies have begun to count their coronavirus losses, with severe profit warnings from smaller listed airlines expected to be followed by similar announcements at larger peers.
Shandong Airlines, a Shenzhen-listed midsize carrier, said on Tuesday that its net loss for the first quarter would be in the range of 500 million yuan to 700 million yuan ($70.9 million to $99.3 million). This will exceed the annual net profit of 361 million yuan for 2019.
