China Eastern reports 97.7% drop in net profit during H1

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By TESTCustomwebLP TESTCustomwebLP September 1, 2014 16:21

China Eastern reports 97.7% drop in net profit during H1

China Eastern has posted a 97.7% drop in net profit during the first half of 2014. Its net profit of CNY14 million ($2.3 million) was made on revenue of CNY42.59bn in the first six months, up 2.68% from the same period of last year, according to a statement the airline filed with the Shanghai Stock Exchange.

The airline attributed the performance to “geopolitical instability, fewer high-end business travelers and more convenient high-speed railway services.”

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By TESTCustomwebLP TESTCustomwebLP September 1, 2014 16:21