China Eastern Airlines has reported a 2017 first-half net profit of CNY4.4 billion ($641 million), up 35% over net income of CNY3.2 billion in the year-ago period. The results were mainly because of the sale of a logistics subsidiary for CNY1.8 billion. First-half operating revenue rose 3.6% year-over-year (YOY) to CNY48 billion against a 13% increase in operating expenses to CNY42.6 billion. Fuel costs increased 45.2% YOY to CNY12.1 billion. Passenger boardings grew 9.2% to 53.3 million ...

Subscribe to Access this Entire Article

"China Eastern 1H net profit up 35% on logistics subsidiary sale" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.