Hainan Airlines Holding Company Limited Posted 22 Billion Yuan Net Loss in First Three Quarters 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 22 billion yuan in the first three quarters of 2022, widening 454.6% year-on-year.

Meanwhile, the company posted 18.7 billion yuan in revenue, down 31.3% year-on-year.

At the end of the reporting period, it had 126.9 billion yuan in total assets and 138.1 billion yuan in total liabilities, with a liability-to-asset ratio of 108.9%.