Spring Airlines Co.,Ltd. Posted 2.7 Billion Yuan Net Profit in First Three Quarters of 2023

Spring Airlines Co.,Ltd. (春秋航空股份有限公司) (601021.SH) reported a net profit of 2.7 billion yuan in the first three quarters of 2023, reversing a net loss of 1.7 billion yuan for the same period in the previous year.

Meanwhile, the company posted 14.1 billion yuan in revenue, up 113.5% year-on-year.

At the end of the reporting period, it had 45.6 billion yuan in total assets and 29.4 billion yuan in total liabilities, with a liability-to-asset ratio of 64.4%.