China Eastern profit 2.213 billion in the first half

July 12, China Eastern Group in mid-2010, held a conference on the work of the first half year, China Eastern Group profit 2.213 billion yuan, China Eastern shares successfully remove them "ST" hat. In response, Eastern side, said China Eastern Airlines last year, "survived" after being "stood up." In 2008, China Eastern has huge loss of 13.9 billion yuan, setting a record of civil aviation history of the biggest losses.

According to reports, at the end of June, China Eastern Group, with total assets of 101.756 billion yuan; has 338 transport aircraft, general aviation aircraft 18; navigation point 153; in the Shanghai market share reached 46.3%. Flying 546,500 hours to complete, 272,300 vehicles were up 10.27 percent year on year, 3.92%, operating income of 35.404 billion yuan, up 46.50 percent.

In addition, the Eastern side, said the consolidation and reorganization in the East, the New China Eastern Airlines have continued to show scale. Concrete expression to optimize layout and structure of production, profitability continued to improve. Last year in July, China Eastern Airlines by way of merger on the Air convertible.

China Eastern Airlines joint reorganization is complete, synergistic effect began to emerge, the new Eastern Airlines net profit 770 million yuan in the first quarter of this year, up about 18 times, and the aviation industry has achieved major profit. However, the Eastern side said that in the second half, Eastern production and operation pressures are still strong.

Annual report 2009, China Eastern shares, benefited from fuel hedging in the back and the return of civil construction funds, net profit of 540 million yuan last year. According to financial statements, as international oil prices, jet fuel hedging operations to Eastern significantly reduce the carrying amount of losses, China Eastern Airlines took place in 2009 changes in fair value net income of 3.

775 billion yuan, in 2008, compared with changes in fair value losses of 6.401 billion yuan. Meanwhile, China Eastern profit last year also benefited from the return of civil construction funds through profit and loss of government subsidies to 403 million yuan.