Hainan Airlines Holding Company Limited Posted 1.8 Billion Yuan Net Loss in First Half of 2023

Hainan Airlines Holding Company Limited (海南航空控股股份有限公司) (600221.SH) reported a net loss of 1.8 billion yuan in the first half of 2023, narrowing 86.6% year-on-year.

Meanwhile, the company posted 27.6 billion yuan in revenue, up 149.5% year-on-year.

At the end of the reporting period, it had 136.8 billion yuan in total assets and 136.6 billion yuan in total liabilities, with a liability-to-asset ratio of 99.9%.