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China Eastern Airlines expects US$2.5 billion to US$2.9 billion interim loss
July 18th 2022
China Eastern Airlines (CEA) forecasts it will report a net loss for the six months to June 30 in the range of 17 billion yuan – 19.5 billion yuan (US$2.5 billion - US$2.9 billion). Read More » The carrier reported a net loss of 5.2 billion yuan for interim 2021. In a regulatory filing to the Stock Exchange of Hong Kong, CEA said revenue passenger kilometres (RPK) in the first half of 2022 were 53.3% of 2019 levels and passenger numbers were down 63.7%. “Headquartered in Shanghai, the company was confronted with arduous challenges from the impact of COVID-19,” CEA said. “Meanwhile, the sharp rise in international oil prices and the depreciation of the Renminbi against the US dollar further aggravated cost pressures on the company.”
