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China Eastern Airlines to report near 50% cut in fiscal year losses compared with 2023
January 27th 2025
China Eastern Airlines (CEA) expects to book net losses in the range of 3.3 billion yuan and 4.3 billion yuan (US$456 million to US$594 million) for calendar 2024. Read More » The forecast halves the 8.2 billion yuan net loss the airline recorded in 2023. "In 2024, with the overall stable operation of the domestic economy, the domestic civil aviation passenger transportation market achieved sound growth," CEA said in a regulatory filing. "However, as a result of intensified competition, insufficient demand for business trips and oil price and exchange rate fluctuations, it is expected the company will record a loss in its operating results for 2024."
