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China Eastern Airlines Corporation Limited Class H ( (HK:0670) ) has provided an update.
China Eastern Airlines has released an estimated financial result for 2024, projecting a net loss attributable to shareholders between RMB3.3 billion and RMB4.3 billion, which is a significant improvement compared to the previous year’s loss. Despite growth in passenger traffic and operational improvements, the company faces challenges due to industry competition, fluctuating oil prices, and exchange rates, resulting in an expected operational loss for 2024.
More about China Eastern Airlines Corporation Limited Class H
China Eastern Airlines Corporation Limited is a major player in the aviation industry, primarily offering passenger transportation services. The company focuses on the domestic civil aviation market in China, enhancing its transit capacity and adjusting route structures to improve service and operational efficiency.
YTD Price Performance: -0.39%
Average Trading Volume: 7,689,436
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$68.84B
For detailed information about 0670 stock, go to TipRanks’ Stock Analysis page.
