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Ten month profit for China Eastern; rebound in traffic in Nov-2009

21-Dec-2009

China Eastern reported a CNY1.85 billion (USD271 million) profit in the ten months to 31-Oct-2009, with passenger numbers rising 19.8% year-on-year, prompting GM, Liu Shaoyong, to state that the carrier is "moving away from its difficulties". [1212 words]

Unlock the following content in this report:

Subheadings:

  • New share placement to help ease balance sheet strains
  • Merger receives final conditional approval – Shanghai Airlines likely to be de-listed
  • An Alliance partner to be chosen
  • Traffic rebound continues
  • New routes added and service growth continues
  • China Eastern teams up with Alibaba for on-line sales

Graphs and data:

  • China Eastern Airlines traffic highlights: Nov-2009
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