Air China Company Limited Posted 3.3 Billion Yuan Net Loss in First Quarter of 2023

Air China Company Limited (中国国际航空股份有限公司) (601111.SH) reported a net loss of 3.3 billion yuan in the first quarter of 2023, narrowing 66.8% year-on-year.

Meanwhile, the company posted 25.1 billion yuan in revenue, up 94.1% year-on-year.

At the end of the reporting period, it had 345.2 billion yuan in total assets and 315.8 billion yuan in total liabilities, with a liability-to-asset ratio of 91.5%.