China Eastern Airlines (CHEAF) Expected to Announce Quarterly Earnings on Monday

China Eastern Airlines (OTCMKTS:CHEAF) is expected to post its results before the market opens on Monday, March 30th. Analysts expect China Eastern Airlines to post earnings of ($0.0057) per share and revenue of $9.8845 billion for the quarter.

China Eastern Airlines Stock Down 9.2%

China Eastern Airlines stock opened at $0.58 on Monday. The company has a fifty day simple moving average of $0.71 and a 200-day simple moving average of $0.57. China Eastern Airlines has a 12-month low of $0.33 and a 12-month high of $0.80.

China Eastern Airlines Company Profile

China Eastern Airlines Corporation Limited is one of the three major state-owned airlines in the People’s Republic of China, with its headquarters and primary hubs located in Shanghai. Established in 1988 through the reorganization of the Civil Aviation Administration of China’s regional operations, the company operates under the auspices of China Eastern Air Holding Company, a state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission. Over the decades, China Eastern has grown into a leading carrier, leveraging Shanghai’s Pudong and Hongqiao airports as central nodes for its expansive route network.

The company’s core business comprises scheduled passenger air transport services, freight and mail delivery, and aircraft maintenance services.