Most Chinese carriers are reporting declines in first-quarter net profits because of rising fuel expenses that collectively increased 40%-50%. However, Shanghai-based China Eastern Airlines posted a 1Q net profit of CNY2.8 billion ($406 million), up 8.3% over net income of CNY2.6 billion in the year-ago quarter. Operating revenue for the 1Q rose 4.3% year-over-year (YOY) to CNY24.5 billion against a 16.2% increase in operating expenses to CNY21.5 billion. China Eastern cited record-high ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.