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SHA:600115

13 stories mentioning SHA:600115Updated 14d ago

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Asia

China Eastern Airlines Redeems SG$500 Million Bonds at 2% Coupon; Hong Kong Shares Up 3%

China Eastern Airlines (SHA:600115, HKG:0670) fully redeemed its SG$500 million guaranteed bonds issued in July 2021 by its Hong Kong subsidiary, Eastern Air Overseas.Principal and final interest payments were due on July 15, according to a Wednesday filing with the Shanghai bourse.The five-year bonds carried a 2.00% annual coupon rate.Hong Kong shares of the airline rose nearly 3% in recent trade.

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Asia

China Eastern Airlines' Passenger Capacity Falls in June

China Eastern Airlines (SHA:600115, HKG:0670) passenger capacity, measured by available seat kilometers, fell 3.89% year over year in June, according to a Wednesday filing with the Hong Kong exchange.Revenue passenger kilometers, an indicator of passenger traffic, decreased 3.4% from a year earlier during the month.Cargo capacity, measured by available freight tonne-kilometers, declined by 5.6% from a year earlier.Cargo traffic, measured by revenue freight tonne-kilometers, increased by 4.7% from a year earlier.The airline added nine aircraft during the month and retired three, bringing its fleet size to 833 aircraft at the end of June.

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Major Chinese Airlines Expect Wider First-Half Losses Amid Surging Fuel Costs
US Markets

Major Chinese Airlines Expect Wider First-Half Losses Amid Surging Fuel Costs

Major Chinese airlines expect their first-half losses to widen as elevated fuel costs brought by the Middle East conflict continue to squeeze operating profit margins.In separate profit warnings issued to the Hong Kong bourse on Tuesday, Air China (HKG:0753, SHA:601111), China Eastern Airlines (HKG:0670, SHA:600115), and China Southern Airlines (HKG:1055, SHA:600029) disclosed preliminary loss estimates for the six months ended June 30.Air China predicts its attributable net loss will widen to between 2.1 billion yuan and 2.6 billion yuan, up from 1.81 billion yuan a year earlier.China Eastern Airlines anticipates its loss to widen to between 1.8 billion yuan and 2.4 billion yuan, compared with 1.43 billion yuan in the prior-year period.China Southern Airlines expects a net loss of 3.47 billion yuan to 3.97 billion yuan, more than doubling its 1.53 billion yuan loss from a year ago.The carriers attributed the downbeat projections to sudden external shocks and high aviation fuel prices, affecting the companies' profitability and causing passengers to shoulder added costs.The struggles in China align with a broader global industry downturn. The International Air Transport Association (IATA) recently halved its 2026 profit outlook for global airlines. Carriers are now projected to earn a combined net profit of $23 billion for the year, down from an earlier $41 billion estimate and roughly half of the $45 billion recorded in 2025."War-related disruptions in the Middle East and rising fuel costs have shifted the outlook for airlines to the worse," Willie Walsh, IATA's Director General, said."Profits will shrink from $45 billion in 2025 to $23 billion this year. And margins will shrink from 4.2% to 2.0%. All airline bottom lines are suffering from the rapid 70% rise in jet fuel prices."Airlines in the Asia-Pacific region, which rely heavily on crude imports, expect their collective net profits to drop to $6.6 billion this year, down from $9.8 billion in 2025.

HKG:0670HKG:0753HKG:1055SHA:600029SHA:600115SHA:601111
Asia

China Eastern Airlines Expects Wider H1 Loss

China Eastern Airlines (HKG:0670, SHA:600115) expects net loss to widen to 2.4 billion yuan to 1.8 billion yuan, compared with 1.43 billion yuan a year earlier.The airline attributed the forecast to a sharp increase in jet fuel prices amid geopolitical tensions in the Middle East, according to a Tuesday Hong Kong bourse filing.Shares of the company fell nearly 2% in recent trade.

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Asia

Chinese Airlines to Cut Fuel Surcharges on Domestic Routes

China's major airlines will reduce fuel surcharges for domestic routes on tickets sold from Sunday, according to notices byAir China (HKG:0753, SHA:601111), China Eastern Airlines (HKG:0670, SHA:600115), and China Southern Airlines (HKG:1055, SHA:600029) issued over the weekend.Passengers will be charged 50 yuan per flight segment for routes of up to 800 kilometers, and 100 yuan for longer routes, the airlines said.Infants will stay exempt, while children, disabled military and police personnel will pay half the surcharge.

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Asia

China Eastern to Buy 25 A330NEO Planes from Airbus

China Eastern Airlines (SHA:600115, HKG:0670) will purchase 25 A330NEO aircraft from Airbus for $9.35 billion, according to a Monday filing with the Shanghai bourse.The aircraft are set for delivery in batches from 2029 to 2033.Four aircraft will be delivered in 2029, five in 2030, six in 2031, seven in 2032, and three in 2033.The new aircraft will replace at least 10 A330 CEO series planes due for retirement.Shares fell over 2% in Hong Kong at midday Monday.

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Asia

China Eastern Airlines Enters $9.35 Billion Contract for 25 Airbus Jets

China Eastern Airlines (SHA:600115, HKG:0670) agreed to acquire 25 A330NEO Family Aircraft from Airbus for a total list price of $9.35 billion.The aircraft are expected to be delivered to the Chinese airline in batches between 2029 and 2033, according to a Friday filing.The acquisition, which is subject to approval from the relevant authorities, will allow the company to optimize its fleet and boost operational and service quality.

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Asia

China Eastern Airlines' Passenger Capacity Falls in May

China Eastern Airlines' (SHA:600115, HKG:0670) available seat kilometers, which measure passenger capacity, fell 5.3% year on year in May, according to a Hong Kong bourse filing on Monday.Revenue passenger kilometers, an indicator for combined passenger traffic, decreased 3.6% from a year earlier during the month.Cargo capacity, measured through available freight tonne kilometers, decreased 4.1% from a year earlier.Cargo and mail traffic, measured through revenue freight tonne kilometers, increased 7.4% from a year earlier.The airline added six aircraft during the month and retired two, bringing its fleet size to 827 aircraft at the end of May.

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Asia

China Eastern Airlines' Passenger Count Slips in April; Shares Fall 3%

China Eastern Airlines' (SHA:600115, HKG:0670) passenger count ticked down 0.9% year on year to 11.9 million in April, according to a weekend filing with the Shanghai bourse.Shares of the airline were down 3% in Monday's trade.Passenger capacity climbed 0.8% to 25.4 billion available seat kilometers.Cargo capacity went up 1.7% to 858.8 million available freight ton-kilometers.Cargo and mail carried jumped 14% to 97.1 million kilograms.

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US Markets

Air China Returns to Profitability in Q1 Amid Energy Shocks; Hong Kong Shares Slide 3%

Air China (HKG:0753) returned to profitability in the first quarter, which could indicate resilience in the industry despite global energy shocks.Attributable net profit at China's flag carrier reached 1.71 billion yuan, compared with a loss of 2.04 billion yuan the previous year, according to a Thursday disclosure to the Hong Kong Exchange.Earnings per share stood at 0.10 yuan, versus a loss per share of 0.12 yuan.The rebound in earnings indicates a resilience in China's aviation sector, especially as it recovers from fuel shocks, Bloomberg reported separately on Thursday.The growth is also in line with expectations from Bank of America Securities.Two other major airlines, China Southern Airlines (HKG:1055, SHA:600029) and China Eastern Airlines (HKG:0670, SHA:600115) also recovered from losses in the first quarter compared with the year-ago period.Air China's turnaround could also mean alignment with other big Asian carriers such as Singapore Airlines (SGX:C6L) and Cathay Pacific (HKG:0293), the report said.However, Air China and its government-controlled peers could be "adversely positioned" due to a more price-sensitive travel cohort in China, as well as high fuel costs which they struggle to pass on to passengers, Reuters quoted HSBC (HKG:0005) as saying.The airline's revenue rose 11% year over year to 44.5 billion yuan from 40.0 billion yuan.Passenger capacity jumped 7.6% to 95.2 available seat kilometers during the quarter. The rise could be attributable to demand during the Lunar New Year, Reuters reported separately.Passenger throughput grew 10% to 42.1 million during the quarter, with domestic passenger count growing 10% to 35.8 million, international passenger count rising 12% to 4.9 million, and regional passenger count increasing 18% to 1.3 million.Cargo and mail throughput during the quarter grew 4.3% to 362,995.4 tonnes, while cargo capacity jumped 3.6% to 3.48 billion available freight tonne kilometers.Chinese international airline capacity could rise 13% year over year during the summer, equivalent to 91% of 2019 levels, Reuters said, citing Bank of America.Shares fell 3% in Hong Kong during Thursday afternoon trading.

HKG:0005HKG:0293HKG:0670HKG:0753HKG:1055SGX:C6LSHA:600029SHA:600115SHA:601111
Asia

China Eastern Airlines Turns to Q1 Profit, Revenue Up 11%

China Eastern Airlines (SHA:600115, HKG:0670) posted first-quarter attributable net profit of 1.63 billion yuan, reversing a loss of 995 million yuan the previous year.Earnings per share stood at 0.07 yuan, swinging from a year-ago loss of 0.04 yuan last year, according to a Thursday filing with the Shanghai bourse.The carrier's operating revenue climbed 11% year over year to 37.1 billion yuan from 33.4 billion yuan.Shares of the company fell nearly 2% in recent trade.

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Asia

China Eastern Airlines' Passenger Count Climbs 11% in March

China Eastern Airlines' (SHA:600115, HKG:0670) passenger count rose 11% in March to 13 million from 11.7 million in the year-ago period, according to a Wednesday filing with the Hong Kong bourse.Passenger capacity climbed 11% year over year to 27.5 billion available seat kilometers from 24.9 billion available seat-kilometers.Cargo capacity went up 7.4% to 927.5 million available freight ton-kilometers from 863.4 million available freight-ton kilometers.Cargo carried jumped 6.5% to 94.1 million kilograms from 88.4 million kilograms.

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Asia

China Eastern Airlines Receives Commitment from ICBC for Stock Repurchase Loan Grant

China Eastern Airlines (SHA:600115, HKG:0670) received a letter of commitment from Industrial and Commercial Bank of China (HKG:1398, SHA:601398) for a 900-million yuan loan for the airline's stock repurchase program.The loan has a three-year term and will expire on the date the airline will sign a financing contract with ICBC, according to a Saturday filing with the Shanghai bourse.

HKG:0670HKG:1398SHA:600115SHA:601398

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