China Eastern Airlines posted a net loss of CNY212.5 million ($31 million) in the 2008 first half, narrowed from a CNY305.6 million deficit in the prior-year period, on a 6.6% lift in operating revenue to CNY20.31 billion. Operating expenses jumped 10.52% to CNY21.94 billion, triggered by a 22.8% surge in fuel expenses to CNY8.57 billion. A currency exchange gain of CNY1.95 billion, more than double that reported in the year-ago semester, helped offset "declining domestic market demand" and ...

Subscribe to Access this Entire Article

"China Eastern narrows first-half loss, plans fleet expansion" 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.