China Eastern reports Q3 net profit up 95.5%
China Eastern Airlines reported a Q3 net profit of CNY3.5b (US$517m), up 95.5% over a net income of CNY1.8b in the year-ago quarter. Q3 operating revenue rose 5.2% to CNY29.1b while operating expenses increased 8.4% to CNY22.2b. The carrier credited robust market demand growth, lower fuel prices and the reduction of currency exchange losses as main reasons for the much-improved performance. For the first 9 months of 2016, China Eastern posted a net income of CNY6.7b, up 25.5% over a net profit of CNY5.4b in the year-ago period. Total operating revenue for the period rose 4.8% to CNY75.4b. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-10-28/sky/china-eastern-reports-q3-net-profit-up-95-5
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China Eastern reports Q3 net profit up 95.5%
China Eastern Airlines reported a Q3 net profit of CNY3.5b (US$517m), up 95.5% over a net income of CNY1.8b in the year-ago quarter. Q3 operating revenue rose 5.2% to CNY29.1b while operating expenses increased 8.4% to CNY22.2b. The carrier credited robust market demand growth, lower fuel prices and the reduction of currency exchange losses as main reasons for the much-improved performance. For the first 9 months of 2016, China Eastern posted a net income of CNY6.7b, up 25.5% over a net profit of CNY5.4b in the year-ago period. Total operating revenue for the period rose 4.8% to CNY75.4b. <br/>
