Profits fall at China Eastern Airlines

Victoria
By Victoria August 31, 2012 11:01

Profits fall at China Eastern Airlines

China Eastern Airlines first-half profit has fallen by 65% due to falling passenger demand, higher fuel prices and foreign exchange losses.
The company reported a fall in profits to 806.9 million yuan ($A123 million) or 0.07 yuan per share. In 2011, profit was 2.3 billion yuan or 0.2 yuan per share.
Although revenue rose by 5%, costs, including fuel, soared by 10%.

Victoria
By Victoria August 31, 2012 11:01
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