China Southern Airlines Company Limited Posted 2.8 Billion Yuan Net Profit in First Three Quarters of 2023

China Southern Airlines Company Limited (中国南方航空股份有限公司) (600029.SH) reported a net profit of 2.8 billion yuan in the first three quarters of 2023, reversing a net loss of 18.1 billion yuan for the same period in the previous year.

Meanwhile, the company posted 119.5 billion yuan in revenue, up 70.3% year-on-year.

At the end of the reporting period, it had 306.2 billion yuan in total assets and 248.3 billion yuan in total liabilities, with a liability-to-asset ratio of 81.1%.