China Southern Airlines Company Limited Posted 1.7 Billion Yuan Net Loss in First Quarter of 2023

China Southern Airlines Company Limited (中国南方航空股份有限公司) (600029.SH) reported a net loss of 1.7 billion yuan in the first quarter of 2023, narrowing 62% year-on-year.

Meanwhile, the company posted 34.1 billion yuan in revenue, up 58.6% year-on-year.

At the end of the reporting period, it had 308.8 billion yuan in total assets and 255.4 billion yuan in total liabilities, with a liability-to-asset ratio of 82.7%.