Spring Airlines Co.,Ltd. Posted 1.7 Billion Yuan Net Loss in First Three Quarters of 2022

Spring Airlines Co.,Ltd. (春秋航空股份有限公司) (601021.SH) reported a net loss of 1.7 billion yuan in the first three quarters of 2022, reversing a net profit of 157.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 6.6 billion yuan in revenue, down 23.5% year-on-year.

At the end of the reporting period, it had 41.4 billion yuan in total assets and 29.6 billion yuan in total liabilities, with a liability-to-asset ratio of 71.3%.