China Eastern reports net profit dip in 2016
China Eastern Airlines reported a 2016 net profit of CNY4.5b (US$635m) in 2016, down a slight 0.73% over a net income of CNY4.54b in 2015. Operating revenue for the year was up 5% to CNY98.6b, while operating expenses grew 7.1% to CNY82.6b. The carrier cited exchange rate fluctuations and international terrorism as negative factors on its figures; however, it also noted positives factors including lower fuel prices and robust outbound traffic growth. Passenger capacity was up 13.5% to 206.2b ASKs against an increase of 14.5% in passenger revenue to 167.5b RPKs. Passenger boardings were up 8.5% to 101.7m with an average load factor of 81.2%, up 0.73 point over 2015. Looking ahead, the carrier expects passenger growth will continue, but cautions that challenges remain. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-04-07/sky/china-eastern-reports-net-profit-dip-in-2016
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China Eastern reports net profit dip in 2016
China Eastern Airlines reported a 2016 net profit of CNY4.5b (US$635m) in 2016, down a slight 0.73% over a net income of CNY4.54b in 2015. Operating revenue for the year was up 5% to CNY98.6b, while operating expenses grew 7.1% to CNY82.6b. The carrier cited exchange rate fluctuations and international terrorism as negative factors on its figures; however, it also noted positives factors including lower fuel prices and robust outbound traffic growth. Passenger capacity was up 13.5% to 206.2b ASKs against an increase of 14.5% in passenger revenue to 167.5b RPKs. Passenger boardings were up 8.5% to 101.7m with an average load factor of 81.2%, up 0.73 point over 2015. Looking ahead, the carrier expects passenger growth will continue, but cautions that challenges remain. <br/>
