Earnings Alerts

China Eastern Airlines (670) Earnings: October Passenger Traffic Soars 23.2% with Improved Load Factor

By November 15, 2024 No Comments
  • Passenger traffic for China Eastern increased by 23.2% in October.
  • The passenger load factor reached 84.6%, compared to 77.1% year over year.
  • Analyst ratings for China Eastern include 9 buys, 0 holds, and 7 sells.
  • Comparisons are made using the company’s original disclosures.

A look at China Eastern Airlines Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE3.0

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, is positioned for long-term success based on its Smartkarma Smart Scores. With a strong Growth score of 5, the company shows promising potential for expansion and development. This indicates positive prospects for increasing its market share and profitability over time. Additionally, a Value score of 4 suggests that China Eastern Airlines is regarded favorably in terms of its financial health and valuation, further bolstering its outlook for sustained growth.

While the company demonstrates strengths in growth and value, its Resilience and Momentum scores show room for improvement. A Resilience score of 2 implies that China Eastern Airlines may face some challenges in navigating external economic factors and industry-specific risks. Simultaneously, a Momentum score of 3 indicates moderate short-term performance expectations. Despite these concerns, the overall positive Smartkarma Smart Scores for China Eastern Airlines indicate a promising long-term outlook with a solid foundation for growth and value creation in the civil aviation sector.


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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