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China Eastern Airlines Posts Drop In 2013 Profit

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China Eastern Airlines (NYSE: CEA) reported a 25% drop in its 2013 net profit.

China Eastern Airlines' net profit for the year slipped to 2.38 billion Chinese yuan (US$387 million), versus a year-ago net profit of 3.17 billion yuan. However, analysts were expecting a profit of 2.39 billion yuan.

The company's revenue climbed 1.9% to 88.01 billion yuan versus 86.41 billion yuan.

China Eastern Airlines shares closed at $16.50 yesterday.

Posted-In: profitEarnings News

 

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