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    600115   CNE000000TR0

CHINA EASTERN AIRLINES CORPORATION LIMITED

(600115)
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China Eastern Airlines : Aug air passenger traffic down 51.5% y/y due to COVID-19 outbreaks

09/14/2021 | 04:25am EDT
FILE PHOTO: Travellers at Wuhan Tianhe International Airport

BEIJING/SYDNEY (Reuters) - China's air passenger traffic dropped 51.5% in August from a year ago due to a resurgence of local COVID-19 outbreaks, the aviation authority said on Tuesday, adding that it is studying more measures to help airlines given repeated outbreaks.

Currently, conditions do not allow for an increase in number of international flights, Shang Kejia, an official with the Civil Aviation Administration of China, told an online press conference.

(Reporting by Stella Qiu in Beijing and Jamie Freed in Sydney; Editing by Louise Heavens)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIR CHINA LIMITED 0.67% 7.5 End-of-day quote.0.13%
CHINA EASTERN AIRLINES CORPORATION LIMITED 0.00% 4.66 End-of-day quote.-0.43%
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Analyst Recommendations on CHINA EASTERN AIRLINES CORPORATION LIMITED
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Financials
Sales 2021 80 926 M 12 514 M 12 514 M
Net income 2021 -8 092 M -1 251 M -1 251 M
Net Debt 2021 159 B 24 545 M 24 545 M
P/E ratio 2021 -12,7x
Yield 2021 -
Capitalization 64 929 M 10 041 M 10 041 M
EV / Sales 2021 2,76x
EV / Sales 2022 1,99x
Nbr of Employees 81 157
Free-Float 22,2%
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Technical analysis trends CHINA EASTERN AIRLINES CORPORATION LIMITED
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 4,66 CNY
Average target price 5,41 CNY
Spread / Average Target 16,1%
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Managers and Directors
Zhou Qimin Chief Financial Officer & Vice President
Shao Yong Liu Chairman
Lijun Guo Chairman-Supervisory Board
Xue Bo Dong Independent Non-Executive Director
Hong Ping Cai Independent Non-Executive Director