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China Eastern's Q3 profit up 10%

China Eastern Airlines saw its Q3 operating profit rising by 9.7% to CNY3.24b ($459m). Revenue for the July-September quarter rose 3.5% to CNY34.6b, while operating expenses grew by a similar percentage to CNY25.5b. Net profit for the Shanghai-based carrier was up 8.8% to CNY2.65b. Cash and cash equivalents as of 30 September stood at CNY4.53b, up from the CNY3.75b it had on the same date in 2018. For the nine-month period to 30 September, operating profit declined 4.1% to CNY5.52b. Revenue amounted to CNY93.4b, up 6.3%. Operating expenses saw a higher growth of 7.2% to CNY79.8b. Net profit fell 3.2% to CNY4.78b.<br/>