China Eastern Airlines Corporation Limited Class H ( (HK:0670) ) has provided an announcement.
China Eastern Airlines Corporation Limited has announced its audited consolidated financial results for the year ending December 31, 2024. The company reported a revenue increase to RMB 132,120 million from RMB 113,788 million in 2023, reflecting growth in its operations. However, the airline also faced increased operating expenses, including higher costs for aircraft fuel, wages, and maintenance. This financial performance highlights the company’s ongoing challenges in managing costs while expanding its services, impacting its profitability and strategic positioning in the competitive airline industry.
More about China Eastern Airlines Corporation Limited Class H
China Eastern Airlines Corporation Limited is a major airline company based in the People’s Republic of China. It operates in the aviation industry, providing passenger and cargo air transportation services. The company focuses on both domestic and international markets, leveraging its extensive fleet and strategic partnerships to maintain a competitive position in the global airline industry.
YTD Price Performance: 5.02%
Average Trading Volume: 6,477,058
Technical Sentiment Signal: Hold
Current Market Cap: HK$69.53B
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