News
China Eastern Airlines narrows quarterly loss to US$550 million
May 1st 2023
China Eastern Airlines (CEA) has reported a net loss of 3.8 billion yuan (US$550 million) for the three months to March 31 compared with a net loss of 7.8 billion yuan in the same months in 2022. Read More » Revenue increased by 75.8%, to 22.3 billion yuan, CEA said in a regulatory filing, Operating costs were up 24.7% or 27.2 billion yuan for the reported quarter. The quarterly result was “mainly attributable to the seizing of the opportunity of the recovery in the air passenger transportation market by the company and the increase in passenger traffic volume and passenger revenue”, CEA said.
