Spring Airlines Co.,Ltd. Posted 3 Billion Yuan Net Loss in 2022

Spring Airlines Co.,Ltd. (春秋航空股份有限公司) (601021.SH) reported a net loss of 3 billion yuan in 2022, reversing a net profit of 37.3 million yuan for the previous year.

Meanwhile, the company posted 8.4 billion yuan in revenue, down 22.9% year-on-year.

At the end of the reporting period, it had 43.4 billion yuan in total assets and 29.7 billion yuan in total liabilities, with a liability-to-asset ratio of 68.5%.