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China Eastern Airlines grounding aircraft as weak traffic continues

12-Nov-2008

China Eastern Airlines confirmed it has been regularly grounding aircraft since Apr-08 to reduce capacity, particularly on international services, amid ongoing weakness in demand. The carrier has been grounding on average 20 aircraft per day, or 9% of its fleet. [755 words]

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Subheadings:

  • Traffic bottoms in Aug-08, but painful recovery ahead
  • Partner(s) needed
  • Outlook: Unlikely to be left to fail

Graphs and data:

  • China Eastern Airlines scheduled aircraft deliveries: 2008 (remainder) to 2012
  • China Eastern Airlines current fleet (at 11-Nov-08)
  • China Eastern Airlines passenger numbers vs cargo volume growth (% change year-on-year): Oct-07 to Sep-08
  • China Eastern Airlines passenger numbers growth (% change year-on-year): Oct-07 to Sep-08
  • China Eastern Airlines passenger load factor (%): Oct-07 to Sep-08
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