Spring Airlines Co.,Ltd. Posted 1.2 Billion Yuan Net Loss in First Half of 2022

Spring Airlines Co.,Ltd. (春秋航空股份有限公司) (601021.SH) reported a net loss of 1.2 billion yuan in the first half of 2022, reversing a net profit of 9.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.7 billion yuan in revenue, down 33% year-on-year.

At the end of the reporting period, it had 39.6 billion yuan in total assets and 27.2 billion yuan in total liabilities, with a liability-to-asset ratio of 68.6%.