Air China Company Limited Posted 4 Billion Yuan Net Loss in First Half 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 4 billion yuan in the first half of 2023, narrowing 81.8% year-on-year.

Meanwhile, the company posted 59.6 billion yuan in revenue, up 148.9% year-on-year.

At the end of the reporting period, it had 344.5 billion yuan in total assets and 311.6 billion yuan in total liabilities, with a liability-to-asset ratio of 90.4%.