Juneyao Airlines Co.,Ltd. Posted 63.3 Million Yuan Net Profit in First Half 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 63.3 million yuan in the first half of 2023, reversing a net loss of 1.9 billion yuan for the same period in the previous year.

Meanwhile, the company posted 9.3 billion yuan in revenue, up 173.6% year-on-year.

At the end of the reporting period, it had 45.4 billion yuan in total assets and 36.7 billion yuan in total liabilities, with a liability-to-asset ratio of 80.8%.