China Eastern Airlines Narrows 2024 Loss as Revenue Rises 16%

China Eastern Airlines' 2024 revenue rose 16% to RMB 132.1B, with net loss narrowing to RMB -4.23B as international and cargo segments rebounded strongly; no cash dividend proposed due to negative distributable profit.

Original document: China Eastern Airlines Corporation Limited Class A [600115] Annual Report — Mar. 28 2025

Revenue grew 16.1% to RMB132.1 billion, with net loss narrowing to RMB4.2 billion as passenger and cargo demand rebounded. The company plans further fleet expansion and digital transformation amid ongoing industry challenges.

Original document: China Eastern Airlines Corporation Limited Class A [600115] Interim report — Mar. 28 2025

Revenue rose 16.1% to RMB132.1 billion, with net loss narrowing to RMB4.2 billion as international and cargo demand rebounded. Passenger numbers and load factors improved, while the company continued fleet renewal and strengthened its financial position.

Original document: China Eastern Airlines Corporation Limited Class A [600115] Annual Financial Statement — Mar. 28 2025

Three major Chinese airlines have integrated their booking systems, allowing customers to book each other's flights through their respective apps, Yicai Global reported Monday.

Travelers can now view and book Air China and China Southern Airlines flights on China Eastern Airlines' app, and vice versa, the report said.

The service, tested in 2024 for routes connecting Shanghai, Beijing, and Guangzhou, offers different prices for the same flight across the three apps. However, the lowest fare is always shown on the airline operating the flight, according to the report.

Air China's Hong Kong shares rose 2%, China Southern Airlines' HK shares rose less than 2%, and China Eastern Airlines' HK shares jumped over 3% in recent trade.

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China Eastern Airlines' passenger count rose 0.9% to 12 million in February from 11.9 million a year ago.

Freight carried declined 2.4% year over year to 71.4 million kilograms from 73.1 million kilograms, according to a Monday filing with the Hong Kong bourse.

Passenger capacity rose 1.0% to 25.3 billion available seat kilometers last month from 25.0 billion available seat kilometers in February 2024.

Cargo capacity increased 2.0% to 899.5 million available freight tonne-kilometers from 882.2 million available freight tonne-kilometers.

China Eastern Airlines' passenger count rose 12% to 12.7 million in January from 11.3 million a year ago.

Freight carried inched up 0.8% to 97,490 tonnes from 96,730 tonnes. International freight grew 7% to 35,300 tonnes, according to a Monday filing with the Hong Kong Exchange.

Passenger capacity rose 12% to 27.8 billion available seat kilometers in January from 24.9 billion available seat kilometers a year earlier.

Cargo capacity increased 12% to 978.1 million available freight ton-kilometers from 875.3 million available freight ton-kilometers, the filing said.

Shares slid 1% in Shanghai during Tuesday's afternoon trading.