China Eastern Airlines Corporation Limited Class H (HK:0670) has released an update.
China Eastern Airlines Corporation Limited expects a net loss of RMB2.4 to 2.9 billion for the first half of 2024, improving from a RMB6.249 billion loss in the same period last year. This anticipated loss is due to a slow global economic recovery and high jet fuel prices, despite an increase in air travel demand and operational refinements. The company’s efforts in market recovery and cost control have led to increased traffic volume and passenger numbers, contributing to a significant year-on-year decrease in losses.
For further insights into HK:0670 stock, check out TipRanks’ Stock Analysis page.
