China Eastern Airlines Corporation Limited
0670.HK
Hong Kong Stock Exchange3.48
HKD
-0.21
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China Eastern Airlines Corporation Limited
0670.HK
(Hong Kong Stock Exchange)
Recent
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3.48
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- China Eastern Airlines Corporation Limited (0670.HK) operates as one of China's three major airlines, providing domestic, regional, and international passenger and cargo air transportation services; it offers scheduled flights, charter services, and related aviation products including in-flight catering, ground handling, and maintenance, repair, and overhaul (MRO) services under brands such as China Eastern Airlines, Shanghai Airlines, and East Air. The company serves a diverse customer base encompassing leisure travelers, business passengers, and freight clients through its extensive network of over 1,800 daily flights connecting more than 240 destinations in 57 countries across Asia, Europe, North America, Oceania, and Africa. Founded in 1988 and headquartered in Shanghai, China, it functions as a subsidiary of China Eastern Air Holding Company, a state-owned enterprise, and operates primarily in the airline industry with segments in passenger transportation, cargo and mail, and aviation-related services. The carrier maintains a modern fleet of approximately 800 aircraft, predominantly Boeing and Airbus models, supporting its hub-and-spoke operations centered at Shanghai Pudong and Shanghai Hongqiao International Airports. Its services extend to loyalty programs like Eastern Miles, cargo logistics via China Eastern Airlines Cargo, and digital platforms for booking and customer management. Geographically, China Eastern focuses on key markets in Greater China, Southeast Asia, and expanding long-haul routes to Europe and the Americas, with subsidiaries including Shanghai Airlines and subsidiaries for cargo and maintenance. In recent developments, China Eastern Airlines signed a strategic partnership with Air France-KLM in 2024 to enhance trans-Pacific connectivity and code-sharing agreements, bolstering its international network amid post-pandemic recovery. The company completed a significant order for 100 COMAC C919 narrow-body aircraft in late 2024, marking a major step in fleet modernization and localization with deliveries commencing in 2025 to support domestic expansion. Additionally, it reported robust financial recovery in 2024 with passenger traffic surpassing pre-COVID levels and announced plans for increased capacity on high-demand routes to Southeast Asia and Europe, reflecting operational expansions driven by surging travel demand.