HNA Holdings said it expects to post a net profit of 45 million to 65 million yuan for the first half of 2025, swinging from a 636 million yuan loss a year earlier.

The carrier attributed the turnaround to a recovery in China's aviation market, improved operational performance, and a stronger yuan, which reduced the burden of its foreign currency-denominated debts. Lower jet fuel prices and asset disposal gains also contributed to the profit.