Hainan Airlines Holding Company Limited Posted 13.6 Billion Yuan Net Loss in First Half of 2022

Hainan Airlines Holding Company Limited (海南航空控股股份有限公司) (600221.SH) reported a net loss of 13.6 billion yuan in the first half of 2022, widening 1310% year-on-year.

Meanwhile, the company posted 11.1 billion yuan in revenue, down 39.6% year-on-year.

At the end of the reporting period, it had 132.6 billion yuan in total assets and 135.2 billion yuan in total liabilities, with a liability-to-asset ratio of 101.9%.