Apr 30, 2022 08:00 AM

Juneyao Airlines Co.,Ltd. Posted 547.3 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Juneyao Airlines Co.,Ltd. (上海吉祥航空股份有限公司) (603885.SH) reported a net loss of 547.3 million yuan in the first quarter of 2022, widening 97.4% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 1.2% year-on-year.

At the end of the reporting period, it had 43 billion yuan in total assets and 34 billion yuan in total liabilities, with a liability-to-asset ratio of 79%.

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