Juneyao Airlines Co.,Ltd. Posted 166.4 Million Yuan Net Profit in First Quarter of 2023

Juneyao Airlines Co.,Ltd. (上海吉祥航空股份有限公司) (603885.SH) reported a net profit of 166.4 million yuan in the first quarter of 2023, reversing a net loss of 541.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.4 billion yuan in revenue, up 78.7% year-on-year.

At the end of the reporting period, it had 45.7 billion yuan in total assets and 36.3 billion yuan in total liabilities, with a liability-to-asset ratio of 79.5%.