Air China Company Limited Posted 45.2 Billion Yuan Net Loss in 2022

Air China Company Limited (中国国际航空股份有限公司) (601111.SH) reported a net loss of 45.2 billion yuan in 2022, widening 139.9% year-on-year.

Meanwhile, the company posted 52.9 billion yuan in revenue, down 29% year-on-year.

At the end of the reporting period, it had 295 billion yuan in total assets and 273.5 billion yuan in total liabilities, with a liability-to-asset ratio of 92.7%.