China Eastern Airlines reported net income of CNY2.38 billion ($386 million) in 2013, down 25% compared to net profit of CNY3.17 billion in 2012. Full-year operating revenue rose 1.9% to CNY88 billion while expenses increased 6% to CNY80.34 billion. Fuel costs were up 2.7% to CNY30.68 billion in 2013. The Shanghai-based carrier said the profit decline was due to the slow recovery of the global economy, high fuel prices, the slowdown of domestic economic growth, weak premium market demand and ...

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