Loading

China Eastern’s astonishing 4Q loss (USD1 mill per hour), more aid for China Southern - SHARE WRAP

Analysis

China Eastern Airlines lost close to USD1.9 billion in the three months ended 31-Dec-08 - or more than USD20 million per day (close to USD1 million per hour), according to The Centre's calculations. Propped up by a government cash injection late last year and massive new lines of credit from Chinese banks this year, China Eastern's outlook is for a 15% improvement in passenger numbers (off last year's low base), but more red ink is likely to flow as competition remains intense.

Read More

This CAPA Analysis Report is 300 words.

You must log in to read the rest of this article.

Got an account? Log In

Create a CAPA Account

Get a taste of our expert analysis and research publications by signing up to CAPA Content Lite for free, or unlock full access with CAPA Membership.

InclusionsContent Lite UserCAPA Member
News
Non-Premium Analysis
Premium Analysis
Data Centre
Selected Research Publications

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More