China Southern Airlines Company Limited Posted 18.1 Billion Yuan Net Loss in First Three Quarters 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 18.1 billion yuan in the first three quarters of 2022, widening 255.6% year-on-year.

Meanwhile, the company posted 70.2 billion yuan in revenue, down 10.6% year-on-year.

At the end of the reporting period, it had 309.8 billion yuan in total assets and 243.7 billion yuan in total liabilities, with a liability-to-asset ratio of 78.7%.