CEA - China Eastern Airlines sees March passenger transportation capacity drop by 62%

Amid new Covid cases rebounding led by local outbreaks in China, China Eastern Airlines (NYSE:CEA) saw March 2022 passenger transportation capacity decreased by 62.35% Y/Y, among which, the passenger transportation capacity of its domestic, international and regional routes decreased by 63.07%, 38.8% and 11.48%, respectively. Passenger traffic volume decreased by 69.32% wherein domestic, international and regional routes decreased by 70.01%, 16.00% and 35.91%, respectively. Passenger load factor decreased by 13.50 percentage points to 59.43%, domestic and regional routes decreased by 13.88 and 14.55 percentage points, respectively; for international routes it increased by 13.38 percentage points. In March 2022, freight traffic volume decreased by 17.75% Y/Y. As of the end of March 2022, airline operated a total of 751 aircraft, including 262 self-owned aircraft, 273 aircraft under finance lease and 216 aircraft under operating lease; in March 2022, the company retired one A350 aircraft.

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China Eastern Airlines sees March passenger transportation capacity drop by 62%