China Eastern Airlines gains 50%

Eastern Airlines, one of the three largest state-owned airlines, 600115.　　SH) was the first to release results announcement today, and the net profit attributable to the parent company's owner in the first half of 2010 is expected to increase by more than 50% over a year earlier.　　In the first half of last year, Eastern Airlines reported a six-month net profit of 1.17 billion yuan, which means that the net profit of Eastern Airlines will exceed 1.75 billion yuan in the first half of this year.　　A few days ago, Eastern Airlines Group, its parent company, just announced that the Eastern Group was making a profit of 2.213 billion yuan. Eastern Airlines internal high-level told the "First financial daily" reporter, this year the company mainly benefited from the first half of the gradual recovery of aviation demand, the World Expo demand stimulation, as well as the "East reorganization" of the synergy effect.　　Oriental Aviation General Manager Machalen has told our correspondent that at present, the Eastern airlines and the airlines at 6 business level of the most of the integration has been completed, through the reorganization of the integration is expected to save 680 million yuan of investment. Since this year, the domestic demand for civil aviation has been relatively strong, and international and freight transport year-on-year growth, the industry generally believe that the first half of the airline's profitability will be more optimistic.　　During the Civil Aviation working Conference just held in the middle of the year, the director of the China Civil Aviation Bureau, Eric Li, also revealed that the first half of the airline business revenue grew 41.9% year-on-year, while earnings were 2.74 times times the same period last year, reaching 13.3 billion yuan. Yesterday, Southern Airlines (600029. SH) released June operating data also showed that the company's passenger and freight transport continued to grow at a rapid pace, especially international routes year-on-year growth is more significant. The company carried out 6.152 million passengers in June, an increase of 22.2%, of which domestic capacity of 5.615 million passengers, an increase of 19.8%, international passengers 421,000 times, the year-on-year increase of 55.4%.　　Guest ratings rose 6.5% to 79.2% per cent year-on-year in June. Freight, the company's June volume of 84,000 tons of mail, an increase of 35.6%, of which the volume of domestic shipments 67,000 tons, an increase of 24.3%, international mail volume of 17,000 tons, an increase of 114%. June, the carrier rate rose 4.7% to 68.2%.