Profit for China Eastern

Dino D'Amore
By Dino D'Amore August 19, 2015 16:22

Profit for China Eastern

China Eastern Airlines has posted a net profit of 3.56 billion yuan for the first six months of this year – an increase of 23.660% compared with the year-ago period. Revenue was up by 3.9% to 44.31 billion yuan. Revenue tonne kilometres rose 10.3% – of which passenger traffic surged 12.5% with freight up by 5.3%. Operating cost fell 6 percent, owing to lower fuel and engine repair costs.

Meanwhile China Eastern has cut off financial support for JetStar Hong Kong but will wait until next month to make a final decision on whether to appeal against the rejection of its licence application by Hong Kong regulators.

Qantas, China Eastern and Shun Tak each held a one-third stake in Jetstar Hong Kong. Qantas has also cut off support but Shun Tak has not yet announced how it will deal with its stake.

Dino D'Amore
By Dino D'Amore August 19, 2015 16:22