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China Eastern's financial position improves following merger with Shanghai Airlines

26-Feb-2010 11:54 AM

China Eastern Airlines’ financial position has reportedly improved following its merger with Shanghai Airlines, with the newly merged carrier reportedly registering a loss before tax of CNY143 million (USD20.9 million) in Jan-2010, an improvement of CNY100 million (USD14.6 million) from the previous corresponding period (Sina, 25-Feb-2010). The carrier reported a 9% increase in passenger numbers to 3.5 million and a 73% increase in cargo volume to 94,000 tonnes in Jan-2010.