Companies

China Eastern 2010 profit predicted to surge 10 times

(Xinhua)
Updated: 2011-01-05 11:17
Large Medium Small

SHANGHAI - The Shanghai-based China Eastern Airlines, a leading air carrier, said late Tuesday that its net profit in 2010 would hit a record high of 5.4 billion yuan ($816 million), 10 times that of 2009, thanks to the booming air travel in China.

Related readings:
China Eastern 2010 profit predicted to surge 10 times China Eastern Airlines to resume Nepal flights soon
China Eastern 2010 profit predicted to surge 10 times China Eastern to announce personnel changes soon

The company said in a statement that in addition to brisk air travel, the merger with Shanghai Airlines also contributed to profit surge.

Moreover, the six-month Shanghai World Expo brought large numbers of customers, according to the statement.