China Express Airlines Co.,Ltd. Posted 752.2 Million Yuan Net Loss in First Half of 2023

China Express Airlines Co.,Ltd. (华夏航空股份有限公司) (002928.SZ) reported a net loss of 752.2 million yuan in the first half of 2023, narrowing 21.1% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 77% year-on-year.

At the end of the reporting period, it had 18.4 billion yuan in total assets and 15.1 billion yuan in total liabilities, with a liability-to-asset ratio of 82.1%.