With net profit of 14 million yuan (US$2.28 million), the company registered a business revenue of 42.59 billion yuan (US$6.93 billion) in the first six months, according to a statement it filed with the Shanghai Stock Exchange on Sunday.
The revenue was a 2.68% increase from the same period last year, said China Eastern Airlines.
It attributed the lackluster performance to "geopolitical instability, f ewer high-end business travelers, and more convenient high-speed railway services."
The airline foresees both opportunities and challenges in the second half of this year due to a mixed picture consisting of "uncertainties in global economic recovery, continuous growth in China's airline market, and fierce competition."
By June 30, the Shanghai-based carrier had 485 planes, including 459 passenger planes, 12 cargo planes, and 14 corporate jets under its trusteeship.
source: xinhua via china.org
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