China Southern Airlines Company Limited Posted 2.5 Billion Yuan Net Loss in First Half 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 2.5 billion yuan in the first half of 2023, narrowing 79.3% year-on-year.

Meanwhile, the company posted 71.8 billion yuan in revenue, up 76% year-on-year.

At the end of the reporting period, it had 305 billion yuan in total assets and 252.3 billion yuan in total liabilities, with a liability-to-asset ratio of 82.7%.