China Eastern Airlines' Net Loss Declined in 2023 on Travel Recovery
Provided by
Dow Jones
By Tracy Qu
China Eastern Airlines' trimmed its net loss and saw revenue more than double in 2023 amid a strong recovery in travel demand.
Net loss for the year ended December was 8.17 billion yuan ($1.13 billion), compared with a loss of CNY37.36 billion in the prior year, it said late Thursday. Revenue hit CNY113.74 billion, more than double the revenue of CNY46.305 billion in 2022.
The company will improve operating efficiency, deepen branding services, and advance digital transformation this year, it said.
Write to Tracy Qu at tracy.qu@wsj.com
(END) Dow Jones Newswires
March 28, 2024 21:13 ET (01:13 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Markets Brief: AI Leaders Excel in Earnings Season
-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
5 Stocks to Buy That We Still Like After They’ve Run Up
-
AbbVie Earnings: Next-Generation Immunology Drugs Help Offset Humira Biosimilar Pressure
-
Exxon Earnings: Ignore Earnings Shortfall as Long-Term Growth and Improvement on Track
-
American Airlines Earnings: We See Costs Overshadowing Market Share This Year
-
Snap Earnings: Advertising Growth and Snapchat+ Drive Monetization
-
STMicro Earnings: We Still See an Attractive Margin of Safety Despite a Poor First-Half Forecast
-
Alphabet Shares Surge on Strong Earnings, Dividend Surprise
-
Microsoft Earnings: Firm Beats Forecasts on Strong AI and Cloud Demand
-
PG&E Earnings: Near-Term Regulatory Certainty Supports Industry-Leading Earnings Growth