Juneyao Airlines Co.,Ltd. Posted 1.9 Billion Yuan Net Loss in First Half of 2022

Juneyao Airlines Co.,Ltd. (上海吉祥航空股份有限公司) (603885.SH) reported a net loss of 1.9 billion yuan in the first half of 2022, reversing a net profit of 104.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.4 billion yuan in revenue, down 43.6% year-on-year.

At the end of the reporting period, it had 43.7 billion yuan in total assets and 35.2 billion yuan in total liabilities, with a liability-to-asset ratio of 80.6%.