CEA: China Eastern Airlines Corporation Limited Instablogs

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Wednesday, June 5, 11:54 PM Qantas Airways (QUBSF.PK) has sold part of its stake in startup Jetstar Hong Kong to Shun Tak Holdings. Originally a 50-50 joint venture with China Eastern Airlines (CEA), the new low-cost carrier now has three equal investors. The hope is that the inclusion of a local investor (Shun Tak founder is Hong Kong billionaire Stanley Ho) will help the new airline get its operating license. Cathay Pacific (CPCAY.PK) has reportedly been opposing the license of a new competitor. Comment! [Consumer, Global & FX]
Monday, June 3, 9:31 AM IATA boosts its 2013 profit forecast for the airline industry to $12.7B from $10.6B previously (and up 67% from 2012) thanks to better traffic and lower-than-expected fuel prices. The industry load factor is expected to hit a record 80.3% this year, 6 points higher than the previous record set in 2006. At the same time the group reminds of wafer-thin profit margins for many passenger airlines and notes air cargo market growth has stagnated. Comment! [Consumer]
Monday, May 13, 7:08 AM Global airline stocks trade weak in European markets after concerns about a new virus intensify. The novel coronavirus infection has killed over 34 people and can be transmitted between humans, according to the World Health Organization. On watch: Delta Air Lines (DAL), United Continental (UAL), China Eastern Airlines (CEA), China Southern Airlines (ZNH), Copa Holdings (CPA), Gol Linhas (GOL), Latam Airlines (LFL), Air France-KLM (AFLYY.PK), Deutsche Lufthansa (DLAKY.PK) Comment! [Consumer, On the Move]
Friday, May 3, 1:55 PM Global airline passenger traffic picked up in March, according to the latest batch of data from IATA. International traffic was up 6% while domestic traffic grew at a 5.7% clip. Analyst Rahul Sharma notes emerging markets helped drive the growth and thinks recent fare increases shows confidence by the group that demand will sustain. Global carriers to watch: Ryanair (RYAAY), Emirates, Cathay Pacific Airways (CPCAY.PK), Singapore Airways (SINGY.PK), Delta Air Lines (DAL), United Continental (UAL), China Eastern Airlines (CEA), China Southern Airlines (ZNH), Copa Holdings (CPA), Gol Linhas (GOL), and Latam Airlines (LFL). Comment! [Consumer, Global & FX]
Tuesday, April 9, 7:18 AM Another death from the avian flu has been reported in China, according to state media. The latest fatality brings the total to eight. What to watch: The airline sector has seen some of the hardest hits related to the health crisis due to demand concerns with Chinese airline stocks (ZNH, CEA) trading lower as well as a few U.S. carriers (ALK, DAL, UAL) heavy on routes to Asia. 3 Comments [Consumer, Global & FX]
Friday, April 5, 10:08 AM Worries about an outbreak of bird flu in China hammer Asian airline stocks. In Hong Kong trading and in New York, China Southern Airlines (ZNH -8.1%) and China Eastern Airlines (CEA -6.8%) are taking the hardest hits. 3 Comments [Consumer, Global & FX, On the Move]
Thursday, March 29, 2012, 3:32 PM Boeing (BA -0.7%) confirms that China Eastern Airlines (CEA +0.1%) has switched up an order, choosing to take delivery on 45 single-aisle 737 planes - instead of 24 787 Dreamliners - as the airliner refocuses on domestic routes. The company also announced that an order for two extra 787s from Air New Zealand was offset by a pair of cancellations from unidentified customers. Comment! [Global & FX]
Wednesday, March 7, 2012, 7:36 AM China Eastern Airlines (CEA) expects a big drop in travel growth this year thanks to slowdowns both at home and abroad. Demand for international passenger and cargo flight is "clearly falling," says Chairman Li Shaoyong, "We are also seeing China's economic growth under pressure." Comment! [Global & FX]
Tuesday, September 20, 2011, 8:41 AM Chinese airline stocks are taking it on the chin in premarket action even as domestic carriers look to keep up with competitors that are adding flights into Asian markets. China Eastern Airlines (CEA) is down 4.4% and China Southern Airlines (ZNH) is off 5.7%. Comment! [Global & FX, On the Move]
Tuesday, July 26, 2011, 12:53 PM The high-speed rail crash may serve as the moment when the shortcomings of state-driven investment in China were laid bare. The Ministry of Railways took on a debt equivalent to 4.6% of GDP to build the network - money likely never to be recouped. For 2010, fixed investment in China totaled 46% of GDP - it's hard to spend even a fraction of that prudently. 8 Comments [Global & FX]

CEA China Eastern Airlines Corporation Limited

CEA

China Eastern Airlines Corporation Limited