China Southern Airlines Company Limited Posted 33.7 Billion Yuan Net Loss in 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 33.7 billion yuan in 2022, widening 206% year-on-year.

Meanwhile, the company posted 87.1 billion yuan in revenue, down 14.3% year-on-year.

At the end of the reporting period, it had 312 billion yuan in total assets and 256.9 billion yuan in total liabilities, with a liability-to-asset ratio of 82.3%.