China Southern Airlines Company Limited Posted 12 Billion Yuan Net Loss in First Half of 2022

China Southern Airlines Company Limited (中国南方航空股份有限公司) (600029.SH) reported a net loss of 12 billion yuan in the first half of 2022, widening 202.3% year-on-year.

Meanwhile, the company posted 40.8 billion yuan in revenue, down 20.9% year-on-year.

At the end of the reporting period, it had 321.2 billion yuan in total assets and 249.8 billion yuan in total liabilities, with a liability-to-asset ratio of 77.8%.