China Eastern Airlines (600115) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was RMB 33,406 million, up 0.65% year-over-year, while net loss attributable to shareholders widened to RMB -995 million from RMB -803 million.

• Cash flow from operating activities dropped 49.56% year-over-year to RMB 2,390 million, reflecting intensified market competition and lower cash receipts from sales.

• The company continued its share repurchase program, buying back 89.88 million shares (A and H shares combined) by March 31, 2025.

Financial highlights

• Operating income: RMB 33,406 million, up 0.65% year-over-year.

• Net loss attributable to shareholders: RMB -995 million, compared to RMB -803 million last year.

• Basic and diluted EPS: RMB -0.04, unchanged year-over-year.

• Total assets increased to RMB 285,299 million from RMB 276,600 million at year-end 2024.

• Owner's equity attributable to shareholders decreased to RMB 39,250 million from RMB 40,532 million.

Outlook and guidance

• Management notes increased competition in the aviation market, leading to lower yields and cash receipts.