China Eastern Airlines Co., Ltd. (00670) announced interim results, with a net loss of 2,179 billion yuan to mother, an increase of 52.3% over the previous year

According to the Zhitong Finance App, China Eastern Airlines Co., Ltd. (00670) announced its 2026 interim results, with revenue of RMB 74.234 billion, an increase of 11.09% over the previous year. Among them, transportation revenue was RMB 71,724 million, up 11.39% year on year, and other revenue was RMB 2,510 billion, up 3.21% year on year. The net loss attributable to equity holders of the company was RMB 2,179 million, an increase of 52.3% over the previous year; the basic loss per share was RMB 0.11.

In the first half of 2026, the company always adhered to the concept of safe development, further promoted the “three flights” strategy, unswervingly “fly far, fly internationally, and fly to emerging markets”, continuously optimized the route network layout, and continuously strengthened its ability to control the core hub market. The company's development fundamentals were good. Faced with serious challenges caused by the turbulent situation in the Middle East, the company quickly set up a special class to deal with high oil prices, adjust and optimize flight production, refine and control profits, improve the utilization rate of fuel-saving aircraft, reduce overall costs and expenses, and revitalize existing assets. Through a series of practical measures, the company strongly stabilized the basic development market. In the first half of the year, the company completed a total transportation turnover of 14.259 billion tons and kilometers, passenger traffic of 72.7629 million passengers, and 575,000 tons of cargo and mail traffic, which increased by 5.57%, down 0.55%, and 8.35%, respectively.

Faced with a complex business environment, the company insists on excellent aviation networks, strong hubs, increasing profits, expanding revenue, building ecology, and strong linkage to actively respond to the challenges of high oil prices and achieve stable, moderate and quality improvement in production and operation.

Optimize the layout of the aviation network and expand the market layout. Implement the “three-flight” strategy, open 14 new international routes, restore 4, and encrypt 5, focusing on encrypting intercontinental routes from Shanghai, Pudong to Geneva, Venice, Barcelona, Frankfurt, etc., to consolidate the advantages of the international air network. 41 new domestic routes have been opened, and route networks in key regions such as Xinjiang and Northeast China have been encrypted, and the domestic “air express” capacity has been expanded to 47. The accessibility of aviation networks and coverage of key markets continue to improve.

Deeply cultivate hub construction and increase market share. Strengthen hub transit guarantee capabilities, pioneer cross-airline transit, and enhance the seamless transit experience. In the first half of the year, 5.953 million passengers were transferred at Pudong Airport, up 9.4% year on year; of these, there were 5.313 million international transit passengers, up 10.8% year on year; the market share of hubs such as Beijing's Daxing, Xi'an, and Kunming continued to rise, and the hub advantage was further consolidated.

Broaden marketing channels and strengthen revenue management. Strengthen the construction of self-sales channels, reduce domestic agent rates by 0.82 percentage points year on year; enhance cooperation between airlines and increase mutual sales revenue by 34% year on year; accurately segment customer needs and launch customized products such as reunion cards and special zones for the elderly; grasp high-end travel needs, optimize the class structure, and increase the proportion of medium to high class classes. In the first half of the year, the company's seat-kilometer revenue level excluding fuel surcharges increased 4.24% year over year. Among them, the number of two-class passengers increased 6.2% year over year, and two-cabin revenue increased 18.8% year over year.

Deepen cross-industry cooperation and jointly build an industrial ecosystem. Deeply cultivate the “Aviation+Cultural Tourism Business Exhibition”, strengthen cooperation with Starbucks, Jiushi Group, etc., and deeply link companies such as Weifus and Shanghai Wenguang Group to develop special products such as visas, audiovisual, etc.; further cooperate with Sanxingdui Museum and the Palace Museum to launch new cultural tourism travel products on the basis of good cooperation with the National Museum and the Shanghai Museum; help the WorldSkills Competition to launch themed color printers. It continued to expand multimodal transport services such as air rail, air bus, and air water. In the first half of the year, it served more than 2.46 million passengers, an increase of 21.2% over the previous year.

Strengthen passenger and cargo linkage and dig deeper into abdominal revenue. Adhere to “passenger and cargo integration, passenger and cargo integration”, accurately grasp opportunities in the freight market, continuously optimize abdominal cargo loading and route resource allocation models, and improve the efficiency of passenger aircraft abdominal cabin operation. In the first half of the year, passenger aircraft achieved abdominal revenue of 3.130 billion yuan, an increase of 21.46% over the previous year.