China Eastern Airlines Co., Ltd. (00670) expects a net loss of about 1.8 billion yuan to 2.4 billion yuan in the first half of the year

According to the Zhitong Finance App, China Eastern Airlines Co., Ltd. (00670) issued an announcement. According to Chinese corporate accounting standards, the net profit attributable to shareholders of listed companies for the first half year of 2026 is estimated to be approximately RMB 2.4 billion to RMB 1.8 billion. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss for the first half year of 2026 is estimated to be approximately RMB 3.3 billion to RMB 2.7 billion.

In the first half of 2026, China's economy was generally running smoothly, steadily, and progressing. The company has always adhered to the concept of safe development, further promoted the “three flights” strategy, continuously optimized the route network layout, and continuously strengthened its ability to control the core hub market. The company's development fundamentals are good. Since March, the geopolitical conflict in the Middle East has caused oil prices to rise, posing huge challenges to the operation of the aviation industry. In response to this, the company quickly set up a special class to deal with high fuel 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. However, due to the sharp rise in aviation fuel prices, which led to a sharp increase in costs, the company expects a loss in operating performance in the first half of 2026.