China Eastern Airlines predicts its 1Q net profit will increase 60%-70%, according to a filing released by the Shanghai Stock Exchange. The Shanghai-based carrier credited continuous market demand growth and lower fuel prices for the expected 1Q performance. China Eastern reported a net income of CNY1.56 billion in the first quarter of 2015. ASKs grew 15.9% against a 16.1% increase in RPKs. It didn’t reveal exact traffic figures. Industry analysts predict there will be more room for ...

Subscribe to Access this Entire Article

"China Eastern predicts net profit to rise 60%-70% in 1Q" 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?

Already registered? here.