Date: 17 September 2024
Broker Name: MIB Securities (Hong Kong) Ltd
August 2024 Operational Performance
China East Air (670 HK) demonstrated robust performance in August 2024, particularly in passenger transportation capacity and traffic. The company’s passenger transportation capacity increased by 15.16% year-on-year (YoY).
Passenger Traffic Growth
Passenger traffic volume for August rose by approximately 28% YoY. Remarkably, this figure represents a significant recovery, reaching approximately 119% of pre-Covid (2019) levels.
Comparison with Pre-Covid Levels
In contrast to other Chinese airlines, China East Air’s international revenue passenger kilometers (RPK) exceeded pre-Covid levels, highlighting the airline’s strong rebound. Its international RPK reached over 100% of 2019 levels, underscoring the airline’s success in restoring international travel demand.
Route Expansion
China East Air has actively expanded its route offerings, including the launch of new international routes. The airline introduced flights such as Shanghai Pudong – Penang and Xi’an – Hanoi. Additionally, it increased flight frequency for several international routes, reinforcing its commitment to meeting growing international travel demand.
