China Eastern Airlines is a Chinese airline headquartered at Shanghai Hongqiao International Airport in Shanghai, China.
The airline is a major Chinese airline operating international, domestic and regional routes.
China Eastern's destinations include Shanghai, Beijing, London, Xian, Kunming, Shenzhen, Paris, Frankfurt, Rome, Guangzhou, Changsha, Chengdu, Qingdao, Taiyuan, Hangzhou, Seoul, New York, Singapore, Sydney, Taipei and Bangkok.
China Eastern Airlines is China's second largest carrier by passenger numbers and it's main hubs are at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport.
China Eastern Airlines is a member of SkyTeam alliance, and in addition, the airline also has codeshare agreements with Asiana Airlines, Ethiad Airways, Japan Airlines, Korean Air, Qantas and Virgin America.
In April 2016, China Eastern Airlines announced plans to open branch companies in Qingdao and Guangzhou during 2016. Currently, China Eastern operates five other subsidiaries including Shanghai Airlines, China United Airlines, China Eastern Wuhan, China Eastern Jiangsu and China Eastern Yunnan Airlines.
Frequent Flyer Program
China Eastern Airlines operates a frequent flyer program to reward regular passengers with the airline, called Eastern Miles.
For routes within and to Europe, Australia and Japan:
Business, W/Class and Economy - 2 x pieces of baggage of up to 32 kgs
Economy Class - 2 x pieces of baggage up to 23 kgs
First passengers - 3 x pieces of baggage of up to 32 kgs.
For North American routes:
First-Class and Business - entitled to 2 x pieces of baggage of up to 32 kgs
Economy Class - 2 x pieces of baggage up to 23 kgs.
China Eastern Airlines' fleet consists of many aircraft including: B737s, A330s, A320s, A319s and A300s.
16th April 2018
China Eastern Airlines massive profit growth
China Eastern Airlines have managed to increase its annual profit to its highest level in more than 20 years, helped by a stronger yuan, improved passenger yields and asset sales. The second largest airline in China has risen profits by a staggering 40.9% year-on-year, reaching a whopping 6.35 billion CNY. The airline’s revenue rose 3.2 percent to 101.72 billion yuan, helped by a 9.3 percent rise in revenue passenger km, a measure of passenger traffic, and 0.2% increase in passenger yields. This is slightly lower than expectations set by analysts in 2016 and China Eastern Airline's competitors, Air China and China Southern Airlines, also missed predictions by a similar margin this week despite rising earnings. ($1 = 6.2850 Chinese yuan renminbi).
5th March 2018
China Eastern Airlines Corporation Limited (0670) Soared 0.311% on Mar 5
Shares of China Eastern Airlines Corporation Limited (HKG:0670) last traded at 6.46, representing a move of 0.311%, or 0.02 per share, on volume of 3.03 million shares. After opening the trading day at 6.35, shares of China Eastern Airlines Corporation Limited traded in a close range. China Eastern Airlines Corporation Limited currently has a total float of 19.49B shares and on average sees 24.82 million shares exchange hands each day. The stock now has a 52-week low of 3.75 and high of 7.43.
15th February 2018
Snickers get involved with China Eastern for Lunar new Year
A plane painted with a giant-sized image of Snickers chocolate landed at the Shanghai Hongqiao airport as part of Mars Incorporated's latest efforts to reach out to the world's largest number of travelers during the upcoming Spring Festival on Feb. 16. Last year, Chinese Lunar Year saw nearly 3 billion airborne trips across China. This year, Mars will seek to cash in on the festival rush by positioning itself as a provider of chocolate bars such as Snickers that, it would suggest, can help tired or hungry travelers to perk up and have fun. Mars has given Snickers a clear market positioning－the company has linked the brand to occasions such as exams, sports and travel.
"We want to associate chocolate with clear occasions and moments in China," said Thomas Delabriere, vice-president of Mars Wrigley Confectionery China. As a chocolate leader in the Chinese market, the company has been accelerating its growth plans, following challenging times in recent years. The scale of the chocolate market in China grew from 17.56 billion yuan ($2.74 billion) in 2013 to 20.04 billion yuan in 2014. But the market value dropped to 19.8 billion yuan in 2015 and further shrunk to 19.79 billion yuan in 2016, according to Euromonitor International, a market research firm. However, last year, the sweets category returned to growth, and was valued at 20.18 billion yuan. The market grew from Jan 1 to mid-November last year by 3.9 percent, according to Nielsen, a global market measurement company.
Delabriere, who has been working in China for the last two years after stints in the European markets and the Middle East economies, believes there is a massive potential in the chocolate market in the country. He cited the lower average chocolate consumption in the country as compared to the levels in the United States and European countries. According to Nielsen, Mars leads the chocolate market in China, with 49 percent in 2017 in terms of offline value, followed by Ferrero Group at 25.5 percent. "The China market is one of our key priorities," said Delabriere. "We are committed to invest in this market to grow our business through targeting more high-end consumers, more innovation, more brands, and more communications."
For example, Dove, Mars' high-end brand and the largest chocolate brand by market value in China, has been enriched with matcha and lemon flavors last year, and added value with convenient packaging. It was offered in the form of various gift packages to attract new consumers. Mars' M&M's－which is considered a fun way to consume chocolate－is re-opening its flagship store in Shanghai later this year after a major refurbishment. Other innovations in flavors include Snickers' "spicy" or "crispy seaweed" to meet the local consumers' preferences.
Also, as an increasing number of Chinese consumers have shown more interest in in-store experiences, Mars will set up more pop-up stores nationwide for the Dove brand this year, having tasted success with such a venture at Sanlitun in Beijing last year, said Delabriere. To reach consumers outside of brick-and-mortar channels, Mars has relied heavily on online channels. Mars' online market in China, which takes up 10 percent of its current chocolate sales, has had double-digit growth in 2017 and is expected to grow significantly this year, said Delabriere.
16th January 2018
China Eastern show 11% rise in passengers carried for December 2017
China Eastern Airlines said it carried 9.2 million passengers in December, an 11.1% rise in comparison to the same month in 2016. They saw a 12.3% year-on-year rise on their domestic segment, while passengers on regional routes rose 9.3%. International passengers also contributed to the growth by 4.4%.
For the full year, the airline said it carried 110.8 million passengers, and 8.9% increase year-on-year. A similar trend was seen across all segments, reflective of the December statistics. The passenger load-factor (a measure of how full planes are with paying passengers) rose slightly to 79.43%
1st December 2017
China Eastern Airlines Launched World 1st Inflight Shopping Festival "Air to Home"
"Busy working is never an excuse, and the love for family is always around." Mr. Meng is a product director of a high-tech company, he travels weekly between Beijing and Shanghai; in order to save time, he usually chooses early flight. However, busy working is never an excuse for him, he always misses his two children. "Frequent travel has stopped me from shopping, even shopping on Taobao." Today, Mr. Meng is able to choose nice gifts for his family on the China Eastern flight which "Air to Home" Inflight Shopping Festival first launched on. The one-stop shopping experience, using the inflight spare time to purchase gifts and receive package at home is also an emotional expression, which allows Mr. Meng's family to feel love and care anytime and anywhere.
Major Players of China's Inflight Internet
Currently, the global inflight Internet is developing rapidly. There are around 50 airlines providing inflight Internet services and more than 4000 Wi-Fi equipped aircrafts in the world. 80 percent of the North American aircrafts provide inflight Internet services, followed by Europe and the Middle East; and Asian is behind. Compared to the development of Internet and big data, China's inflight Internet is obviously behind the US and other western developed countries. As one of the three largest airlines in China, China Eastern Airlines has realized that the best way to face changes of times is to join the inflight Internet business.
It's obvious that China Eastern is ambitious, and has become the leader on the practice of China's inflight Internet. It has also become the largest and most mature IFEC fleet in China with 73 Wi-Fi equipped aircraft; which not only provide the new Internet experience and service for passengers, but also generate more profits for the airline, especially for the inflight E-commerce. There is no doubt that the new inflight retail based on the Internet flight scene will be the new for inflight E-commerce growth in the future; and differentiated services may be the one of the key points of airlines layout.
This Inflight Shopping Festival is jointly created by China Eastern Airlines and BlueFocus IFEC. BlueFocus IFEC is the very first high-tech enterprise to enter inflight Internet operation in China; it also marks BlueFocus Communications Group stepping into the inflight Internet industry. Founded in 2015, BlueFocus IFEC have independently developed the IFEC operating platform BAO and marketing platform BAM for airlines; it already launched various new marketing strategy based on Internet flight scene with many airlines; and it is the only high-tech enterprise that provides full IFEC channel and operation.
With the development of mobile Internet, passenger's consumption patterns have been migrating to online. New technology is essential to create a new inflight shopping experience, as well as product selection, purchasing, sales and logistics. For the first times, this December, China Eastern has selected more than 30 fancy, special and new products to enter "Air To Home" event based on the big data analytic result of over 10 million passenger's purchase preference. There are not only famous skin care brands Whoo and Wet'n'Wild; but also independent designer brands De Yeen jewels. In terms of purchasing method, in addition to the traditional cabin Magazine Easternmall, China Eastern APP join inflight purchasing for the first time. As to prices, passengers can not only enjoy the lowest price of this event, but also use China Eastern's points to purchase, and earn points through cash transactions. Logistics system is also remarkable, all of the products will be free delivered to passengers' home. The one-stop inflight online shopping experience is created for passengers, which fully shows China Eastern's innovation to closely link the scene value, user experience, sunk points and CRM together.
The number of China's civil aviation passenger is expected to reach 670 million in 2017, this is a large and high-quality inflight consumer group. With the rapid development of China's inflight Internet and the relaxation of in-flight Wi-Fi services policy, a hundred-billion-yuan new retail era of inflight consumption is coming. How to build a perfect one-stop inflight consumer service experience to upgrade the airlines service is a common problem faced by many Chinese airlines. Nowadays, China Eastern Airlines and BlueFocus IFEC are holding hands to take the very first step.
20th October 2017
China Eastern Airlines connects Shanghai Pudong to Cebu
China Eastern Airlines commenced daily services from Shanghai Pudong (PVG) to Cebu (CEB) on 18 October. OAG schedules show that flights on the 2,325-kilometre sector will be operated by the Chinese carrier’s A320s until 27 October. There then follows a break in China Eastern service until 18 January 2018, when daily frequencies resume. There is currently no direct competition on this route, although OAG schedules data suggest Juneyao Airlines will start serving the airport pair three times weekly from 31 October. China Eastern already serves Manila and Clark in the Philippines from Pudong.
3rd October 2017
China Eastern Airlines schedules Shenzhen - Krabi route from November 2017
China Eastern in winter 2017/18 season is adding new South East Asia service from Shenzhen, with the launch of Shenzhen – Krabi flight. Airbus A321 is scheduled to operate this route twice a week, from 01NOV17.
MU285 SZX0005 – 0210KBV 321 37
MU286 KBV0310 – 0730SZX 321 37
Service increases to 3 weekly (Day 357) from 02FEB18.
21th September 2017
China Eastern Airlines W17 Honolulu service changes
China Eastern in winter 2017/18 season plans to adjust Shanghai Pu Dong – Honoluluroute, currently served by Airbus A330-200 aircraft. From 29OCT17, this route will be operated by A330-300, featuring new inflight product. Operational frequency variation and schedule as follow.
29OCT17 – 30NOV17 Day x135
01DEC17 – 04FEB18 Day x13 (Service also operates on Day 1, 25DEC17 and 29JAN18)
05FEB18 – 01MAR18 Day x3
03MAR18 – 24MAR18 Day x135
MU571 PVG1620 – 0810HNL 333
MU572 HNL1010 – 1500+1PVG 333
11th September 2017
China Eastern Airlines Corporat Experiences Lighter than Average Trading Volume
Short traders are feeling a little more bullish on shares of the company of late looking at the motion in short interest. The company saw a fall in short interest from July 31, 2017 to August 15, 2017 of -17.61%. Short interest fell from 39,001 to 32,133 over that timeframe. Days to cover increased from 0.0 to 3.0 and the percentage of shorted shares was 0.00% on August 15.
Here are a few substantial investment firms who have updated their positions. As of quarter end Ubs Group Ag had sold 35 shares trimming its position 2.4%. The value of the investment in China Eastern Airlines Corporat increased from $42,000 to $44,000 increasing 4.8% since the last quarter. Aperio Group, LLC trimmed its ownership by shedding 152 shares a decrease of 1.8% as of 06/30/2017. Aperio Group, LLC now controls 8,096 shares valued at $248,000. The value of the position overall is up by 5.1%.
As of the end of the quarter Blackrock Inc. had disposed of a total of 42 shares trimming its holdings by 1.3%. The value in dollars went from $92,000 to $97,000 a change of $5,000 quarter to quarter. As of the end of the quarter Renaissance Technologies LLC had sold a total of 200 shares trimming its stake by 0.4%. The value of the total investment in China Eastern Airlines Corporat went from $1,510,000 to $1,610,000 a change of 6.6% quarter over quarter.
In the market the company is trading up since yesterday’s close of 27.02. The company also recently announced a dividend that was paid on Monday August 21st, 2017. The dividend payment was $0.090 per share for the quarter or $0.36 on an annualized basis. This dividend amount represented a yeild of $1.33. The ex-dividend date was Thursday the 29th of June 2017.
Company shares last traded at $27.27 just a bit lower than the 50 day moving average of $27.33 and a bit lower than the 200 day moving average of $28.29. The 50 day moving average was down $-0.06 or -0.23% and the 200 day average went down by -3.61%. China Eastern Airlines Corporat currently has a P/E ratio of 9.40 and the market value is 7.89B.
8th September 2017
China Eastern Airlines announces daily flights to Australian city of Brisbane
One of China's leading airlines, China Eastern Airlines, announced Thursday it will begin a daily flight from Shanghai to the Australian city of Brisbane in the state of Queensland.
The new service is expected to see 120,000 additional visitors over the next four years coming to Australia, and Premier of Queensland Annastacia Palaszczuk said it will allow even more Chinese tourists to have "access to our best destinations.
"China is Queensland's most valuable and fastest growing international market," Palaszczuk told state parliament on Thursday. We know that securing additional international flights to Queensland is the best way to grow tourism.". Queensland Tourism Minister Kate Jones was excited about the new flights, and said in a statement obtained by Xinhua that this was part of an Australia-wide collaboration between stakeholders to further welcome guests from China.
"It will offer Chinese travellers easier access to many of our iconic destinations known for their world-class beauty, natural environments, unique experiences and world-class events," Jones said. With nearly 120 million outbound Chinese travellers in 2016, Tian Liuwen, executive vice president of China Eastern Airlines, said that these new flights will be able to further serve these tourists, with more seeking to come to Australia than ever before.
"We also believe that China Eastern Airlines will open up new opportunities for economic and cultural exchange not only between Shanghai and Queensland, but also between China and Australia," Tian said.
China Eastern Airlines (MU, Shanghai Hongqiao) has denied reports in the Chinese press linking it to the proposed sale of its wholly-owned Shanghai Airlines (FM, Shanghai Hongqiao) unit. The reports had quoted people familiar with the discussions as saying the carrier had approached Beijing about the disposal which would have seen Shanghai Airlines develop into an independent operator. However, in a statement to the Shanghai Stock Exchange (SSE) on Friday, July 28, China Eastern flatly rejected the claims adding that "it has never had any plan to dispose of its equity interest in Shanghai Airlines". "The information reported in those media reports is therefore inaccurate and incorrect," it said. China Eastern completed its acquisition and takeover of Shanghai Airlines in February 2010.
China Eastern Airlines has denied reports in the Chinese press linking it to the proposed sale of its wholly-owned Shanghai Airlines unit. The reports had quoted people familiar with the discussions as saying the carrier had approached Beijing about the disposal which would have seen Shanghai Airlines develop into an independent operator. China Eastern completed its acquisition and takeover of Shanghai Airlines in February 2010.
China Eastern Airlines will operate Jet Airways' Delhi-Shanghai Pudong and Kolkata-Kuming routes. Naresh Goyal-promoted Jet Airways and Chinese carrier China Eastern Airlines have commenced codeshare flights amid the increasing hostility between the two countries over the construction of a road near Bhutan tri-junction. As part of the codeshare partnership inked earlier, China Eastern Airlines will operate Jet Airways' Delhi-Shanghai Pudong and Kolkata-Kuming routes.
The Jet Airways will operate Delhi-Bengaluru, Delhi-Kolkata and Delhi-Mumbai routes of the Shanghai-based airline. A Jet Airways spokesperson confirmed the commencement of air services by the two carriers from yesterday as part of the reciprocal codeshare partnership. Codesharing allows an airline to book on its passenger on its partner carriers and provide seamless transport to destination where it has no presence. Following this, the Jet Airways customers can now fly seamlessly to Pudong and Kunming cities in China from New Delhi and Kolkata.
Similarly, Chinese passengers will have direct connectivity to Bengaluru, Kolkata and Mumbai from New Delhi through the flights operated by Jet Airways. China Eastern Airlines, which has three subsidiaries as well a cargo carrier and is a member of the global airlines grouping SkyyTeam, operates to 217 destinations through its hub at Shanghai Pudong International airport. Besides, it has secondary hubs at Beijing, Kunming, Xi'an and Qingdao. The military standoff between India and China began on June 16 after the Chinese army tried to build a road near the Bhutan tri-junction. India has protested the construction of the road, fearing it would allow China to cut India's access to its north-eastern states.
The stock closed the most recent session at $29.21 after seeing 6191 shares trade hands. This represents a change of 0.62% from the opening. The closing price represents the final price that a stock is traded for on a trading day. It’s the most up-to-date valuation until trading begins again on the next day. However, most financial instruments are traded after hours, which means that the the closing price of a stock might not match the after-hours price. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time. The closing prices are compared day-by-day to look for trends and can measure market sentiment for any security over the course of a trading day.
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On any given trading day, supply and demand fluctuates back-and-forth because the attractiveness of a commodity’s price rises and falls. Because of these fluctuations, the closing and opening prices are not necessarily identical. A number of factors can affect the attractiveness of a stock in the hours between the closing bell and the next day’s opening bell. For example, if there is good news like a positive earnings announcement, the demand for a stock may increase, raising the price from the previous day’s close. It follows that bad news will negatively affect price.
China Eastern Airlines may launch direct flights between Perth and Shanghai by the end of 2017, which would provide the WA capital with only its 2nd non-stop link to China. China Eastern Airlines has confirmed it is looking into the possibility of direct flights from Shanghai to Perth, which could span from a cautious 4 x weekly to a potential daily.
This move is due to Australian and Chinese airlines both taing advantage of an "open skies" agreement for flights between China, Sydney, Brisbane, Melbourne and perth.
China Eastern Airlines is interested in buying a stake in the Czech Republic’s biggest airport company operating Prague’s Václav Havel airport or one of the country’s main carriers, Travel Service. That emerged from talks between bosses of the Chinese airline and a Czech delegation headed by President Miloš Zeman, according to Czech transport minister Dan Ťok. The Czech side said that they registered the interest. The Chinese airline also indicated launching a new route between Prague and China and developing cargo services to the Czech capital.
In April 2017, China Eastern Airlines announced it was adjusting operational aircraft for its Shanghai - Xi'an - Moscow rote, which operates 3 times a week during the summer season. The Skyteam member plans to operate Airbus A330-200 instead of Boeing 767, effective 06JUN17.
MU5009 PVG0905 – 1215XIY1335 – 1700SVO 332 246
MU5010 SVO1905 – 0730+1XIY0850+1 – 1110+1PVG 332 6