Air China Company Limited Posted 22.2 Billion Yuan Net Loss in First Half of 2022

Air China Company Limited (中国国际航空股份有限公司) (601111.SH) reported a net loss of 22.2 billion yuan in the first half of 2022, widening 189.4% year-on-year.

Meanwhile, the company posted 24 billion yuan in revenue, down 36.4% year-on-year.

At the end of the reporting period, it had 299.3 billion yuan in total assets and 254.7 billion yuan in total liabilities, with a liability-to-asset ratio of 85.1%.