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  • September 18, 2014
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  1. Business - China Business - EARNINGS

    China Eastern profit plunges 98pc as China Southern posts 1b yuan loss

    Posted Aug 30th 2014, 01:29am by SIJIA JIANG

    ... Eastern Airlines Corp plunged 97.7 per cent from the same period last year to 14 million yuan. Revenue growth of 9.15 per cent to 50.21 billion yuan at Guangzhou-based China Southern Airlines did ... at Shanghai-based China Eastern rose 2.68 per cent to 42.59 billion yuan. It carried 40.42 million passengers, up 6.94 per cent. Both airlines blamed exchange losses for their disappointing performance. ...

  2. News - China - AVIATION

    Ticket to the market: State-run China Eastern Airlines launches new budget carrier

    Posted Jul 02nd 2014, 05:31pm by Reuters

    ... Reuters in Beijing Subsidiary China United converted into low-cost carrier with 80 Boeing airplanes China Eastern Airlines today launched its budget airline, becoming the first state-run carrier to tap the low-cost travel segment long dominated by privately run Spring Airlines. China Eastern said it would use the 80 Boeing 737 planes it had ordered from Boeing last month ...

  3. News - China - AVIATION

    China Eastern airplane skids off runway in second mishap in two days

    Posted Jun 19th 2014, 09:27pm by STEPHEN CHEN

    ... Angela Meng angela.meng@scmp.com and Stephen Chen binglin.chen@scmp.com Previous flight landed on the taxiway instead of runway, prompting safety concerns A China Eastern Airlines plane ... At 9.53am yesterday, China Eastern Airlines flight MU2487 veered off course for some 300 metres, according to eyewitnesses. It was flying in from the Wuhan Tianhe International Airport to Shanxi’s ...

  4. Business - China Business - EARNINGS

    Profits at Air China and China Eastern Airlines fall

    Posted Oct 31st 2012, 12:00am by Sophie Yu

    ... cent to close at HK$5.51 yesterday ahead of the profit announcement, outpacing the performance of the benchmark Hang Seng Index, which dropped 0.4 per cent. Separately, China Eastern Airlines ... two leading mainland carriers - Air China and China Southern Airlines - and set the company's share price target at HK$3. Shares of China Eastern climbed 1.14 per cent to close at HK$2.66 ...

  5. Business - China Business - AVIATION

    China United Airlines converted into budget carrier

    Posted Jul 03rd 2014, 02:08am by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Parent China Eastern says move is intended to create mainland's biggest low-cost airline China United converted into budget carrier China Eastern ... "China Eastern is the first of the 'Big Three' to announce an LCC subsidiary, although China Southern is studying converting Chongqing Airlines while Air China has been doing its own ...

  6. News - China

    CNN producer at centre of Weibo scuffle over China Eastern Airlines mystery VIP smoker

    Posted Dec 13th 2012, 11:27am by Amy Li

    ... smoker on a China Eastern Airlines flight from Shanghai to Beijing. The hunt started almost immediately after a CNN producer in Beijing, Steven Jiang, posted the following on his micro-blogging page  on Tuesday: “Would China Eastern Airlines tell me, who was the man allowed to break airline safety laws so blatantly? On the evening of December 2, after the MU5127 flight took off, ...

  7. News - World - UKRAINE

    Russia considers possible ban on Western airlines overflying its airspace

    Posted Sep 08th 2014, 09:49pm by Reuters

    ... Reuters in Moscow Russian premier signals possible move if sanctions are strengthened Moscow mulls Western airline ban Moscow could retaliate against sanctions over the Ukraine crisis by banning Western airlines from Russian airspace, Prime Minister Dmitry Medvedev has suggested, warning that the move could bankrupt some. In comments reported yesterday, Medvedev said Moscow would ...

  8. Business - China Business - AVIATION

    Flight curbs in China could hurt airlines, drive airfares up, analysts say

    Posted Jul 23rd 2014, 01:48pm by SIJIA JIANG

    ... airlines- Air China, China Southern Airlines and China Eastern Airlines- have all issued profit warnings before their interim results due next month. Air China is expecting first-half profit ... and industrial research at Daiwa Securities, told the South China Morning Post. A reduction of 25 per cent in flights to eastern China for three weeks in the busy summer holiday season would erode ...

  9. Business - Companies - AVIATION

    Hainan Airlines profit down 25.35pc

    Posted Aug 28th 2014, 11:03am by SIJIA JIANG

    ... Air China, China Southern Airlines and China Eastern Airlines. "The results are much better compared with Air China," said Li Xiaolu, a Shanghai-based analyst with Capital Securities. Air China reported on Tuesday net profit fell 55.42 per cent to 510 million yuan even though revenue rose to 49.9 billion yuan. Li said Hainan Airlines had been more profitable than ...

  10. Business - China Business

    China Eastern Airlines shares suspended ahead of capital injection

    Posted Sep 07th 2012, 12:00am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Trading in shares of debt-laden mainland carrier suspended ahead of fund injection China Eastern waits for cash boost China Eastern Airlines shares were ... Southern Airlines and Air China. The third round of capital injection for China Eastern comes after bailouts for China Southern in June and Air China in April. China Southern received 2 billion ...




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