Juneyao Airlines Co.,Ltd. Posted 1.1 Billion Yuan Net Profit in First Three Quarters of 2023

Juneyao Airlines Co.,Ltd. (上海吉祥航空股份有限公司) (603885.SH) reported a net profit of 1.1 billion yuan in the first three quarters of 2023, reversing a net loss of 3 billion yuan for the same period in the previous year.

Meanwhile, the company posted 15.9 billion yuan in revenue, up 144.8% year-on-year.

At the end of the reporting period, it had 44.3 billion yuan in total assets and 34.7 billion yuan in total liabilities, with a liability-to-asset ratio of 78.5%.