Juneyao Airlines Co.,Ltd. Posted 4.2 Billion Yuan Net Loss in 2022

Juneyao Airlines Co.,Ltd. (上海吉祥航空股份有限公司) (603885.SH) reported a net loss of 4.2 billion yuan in 2022, widening 772.6% year-on-year.

Meanwhile, the company posted 8.2 billion yuan in revenue, down 30.2% year-on-year.

At the end of the reporting period, it had 45.1 billion yuan in total assets and 35.6 billion yuan in total liabilities, with a liability-to-asset ratio of 78.8%.