Air Transport World

China Eastern Airlines.(ASIA/PACIFIC Report)

China Eastern Airlines posted a CNY510.9 million ($66.26 million) loss in the March quarter, reduced from a CNY955.1 million deficit last year. It identified "high gearing ratio and intensified market competition" as the culprits and said it expects losses to continue in the second quarter. Revenue climbed 23.6% to CNY9.25 billion. …

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