Spring Airlines Co.,Ltd. Posted 838.4 Million Yuan Net Profit in First Half of 2023

Spring Airlines Co.,Ltd. (春秋航空股份有限公司) (601021.SH) reported a net profit of 838.4 million yuan in the first half of 2023, reversing a net loss of 1.2 billion yuan for the same period in the previous year.

Meanwhile, the company posted 8 billion yuan in revenue, up 119.8% year-on-year.

At the end of the reporting period, it had 43.8 billion yuan in total assets and 29.5 billion yuan in total liabilities, with a liability-to-asset ratio of 67.2%.