- China Eastern Airlines reported a net loss of 2.77 billion yuan for the first half of 2024.
- This represents a 56% improvement compared to a net loss of 6.26 billion yuan year-over-year.
- Revenue reached 64.20 billion yuan, marking a 30% increase year-over-year.
- Loss per share decreased to 12 RMB cents compared to 28.03 RMB cents year-over-year.
- Passenger load factor improved to 81.2%, up from 71.8% year-over-year.
- Passenger yield declined by 13% to 52.6 RMB cents.
- Available Seat Kilometers (ASK) increased by 33% to 144.25 billion.
- Revenue Passenger Kilometers (RPK) surged by 50% to 117.14 billion.
- Analyst ratings: 13 buys, 2 holds, and 2 sells.
A look at China Eastern Airlines Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
China Eastern Airlines Corporation Limited, a major player in the civil aviation industry, has been assigned varied Smart Scores indicating its overall outlook. With a high score for growth and value, the company shows promise for long-term potential. The growth score of 5 suggests a positive trajectory in terms of expansion and profitability, while the value score of 4 highlights the company’s attractive valuation in the market. Despite a lower score for resilience and dividend, the strong momentum score of 4 indicates positive market sentiment and investor interest in the company’s future prospects.
China Eastern Airlines Corporation Limited stands out due to its robust growth prospects and compelling value proposition. The company’s strategic positioning within the aviation sector, offering a range of transportation services including passenger, cargo, and ground services, aligns with its high growth score of 5. Although facing challenges in terms of resilience and dividend distribution, the favorable momentum score of 4 underscores the market’s confidence in the company’s ability to capitalize on opportunities and drive sustained growth in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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