Summary by Futu AI
China Eastern Airlines released its April 2024 operating data on 16 May 2024, which showed that passenger traffic input increased by 20.06% year-on-year, passenger turnover increased by 34.93% year-on-year, and passenger occupancy was 81%, up 8.93 percentage points year-on-year. Turnover of shipments increased sharply by 88.03% year-on-year. The company opened and re-launched multiple routes in the domestic market, and continued to recover momentum in the international market, opening and encrypting multiple routes. Passenger traffic investment has returned to 90.98% of the same period in 2019. In addition, the company introduced 4 new aircraft in April and retired 1 older aircraft, bringing the total number of aircraft to 789 aircraft as of the end of April. The Board of Directors reminds investors that the operating data is unaudited, there may be a possibility of adjustment and should be aware of the investment risks that may result from improper reliance or use of the above information.