Airline's profit to fall
By Yang Jian |
July 16, 2012, Monday
|
Print Edition
Print Edition
CHINA Eastern Airlines, the country's second largest carrier by passenger numbers, has forecast a sharp decline in first-half profits due to weak market demand as well as rising fuel costs.
The Shanghai-based carrier forecast a more than 50 percent drop year on year in its first half profits, the airline said in a statement filed to the Shanghai Stock Exchange. It earned 2.45 billion yuan (US$384.16 million) during the first half of 2011, according to the statement.
China Southern Airlines, the country's largest airline by fleet size, has also said it expects its first-half net profit to plunge more than 50 percent from a year earlier.
The Shanghai-based carrier forecast a more than 50 percent drop year on year in its first half profits, the airline said in a statement filed to the Shanghai Stock Exchange. It earned 2.45 billion yuan (US$384.16 million) during the first half of 2011, according to the statement.
China Southern Airlines, the country's largest airline by fleet size, has also said it expects its first-half net profit to plunge more than 50 percent from a year earlier.
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