China Eastern profitable, Shanghai Airlines not in 1H2009

China Eastern and Shanghai Airlines reported a combined net profit of approximately USD157 million and an operating profit of USD216 million in 1H2009, driven by China Eastern’s fuel hedging gains and strong “non-operating” income. Combined revenues totalled USD3.3 billion. [2140 words]

CAPA Members Login Username: Password: Remember details

Instantly get access to this article now for USD15.00. or If you've already bought this article, you can view it by typing your Article Key:

This report contains the following subheadings:

• China Eastern profitable on exceptional items 
• Yield weakness a concern for China Eastern
• China Eastern load factors fall 
• International pax and cargo demand remains weak, domestic growth a saviour
• 15 new aircraft for China Eastern in 2H2009
• Challenges ahead for China Eastern
• To actively push ahead with its acquisition of Shanghai Airlines in 2H2009
• Shanghai Airlines slips into the red in 1H2009
• Outlook: Rough road ahead to recovery

This report contains the following charts and tables:

• China Eastern Airlines and Shanghai Airlines operating profit margin: 1H2008 vs 1H2009 
• China Eastern Airlines and Shanghai Airlines net profit margin: 1H2008 vs 1H2009 
• China Eastern Airlines financial highlights for six months ended 30-Jun-09 
• China Eastern Airlines financial highlights for six months ended 30-Jun-09 
• China Eastern Airlines traffic highlights for six months ended 30-Jun-09 
• China Eastern Airlines fleet plan
• Shanghai Airlines financial highlights for six months ended 30-Jun-09  (Chinese accounting standards)