2024-07-11 11:31Financial Performance - China Eastern Airlines expects a net profit attributable to shareholders for the first half of 2024 to be approximately RMB -24 billion to -29 billion, a year-on-year improvement of about RMB 33 billion to 38 billion[3]. - The estimated net profit attributable to shareholders, excluding non-recurring gains and losses, is expected to be approximately RMB -27 billion to -32 billion, a year-on-year improvement of about RMB 35 billion to 40 billion[3]. - In the first half of 2023, the company reported a total profit of RMB -69.66 billion and a net profit attributable to shareholders of RMB -62.49 billion[5]. Operational Performance - The total transportation turnover and passenger transportation volume for the first half of 2024 increased by 54.31% and 30.41% year-on-year, respectively[6]. - The passenger load factor improved by 9.44 percentage points year-on-year, indicating a recovery in operational performance[6]. - The company is focusing on optimizing its route network and increasing capacity in key domestic markets to capture the recovering demand for air travel[6]. - Despite improvements, the company still faces challenges in certain international markets due to local air traffic rights and airport resource limitations[6]. Cost Management and Investor Advisory - The company emphasizes strict cost control and management to enhance operational efficiency and service quality[6]. - The financial data provided is preliminary and subject to final confirmation in the official half-year report[7]. - Investors are advised to be cautious regarding investment risks as the data is not audited[7].