China Eastern Airlines profit down 15% in 1H2019

China Eastern Airlines reported (30-Aug-2019) the following financial highlights for the six months ended 30-Jun-2019:

• Revenue: CNY58,859 million (USD8676 million), +8.0% year-on-year;
  • Passenger: CNY53,581 million (USD7898 million), +9.2%;
  • Cargo: CNY1742 million (USD257 million), -0.2%;
• Total operating costs: CNY57,110 million (USD8418 million), +8.9%;
  • Fuel: CNY16,625 million (USD2451 million), +9.0%;
  • Labour: CNY11,171 million (USD1647 million), +13.6%;
• Operating profit: CNY5156 million (USD760 million), -5.3%;
• Net profit: CNY2132 million (USD314 million), -14.8%;
• Total assets: CNY282,159 million (USD41,590 million);
• Cash and cash equivalents: CNY951 million (USD140 million);
• Total liabilities: CNY220,370 million (USD32,483 million). [more - original PR]

*Based on the average conversion rate at CNY1 = USD0.1474