China Eastern Airlines (600115) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 8.18% YoY to RMB 42,832 million, while attributable net income fell 98.19% to RMB 64 million; 9M revenue grew 10.01% but the period ended in a net loss.

• Higher jet fuel prices amid continued Middle East geopolitical tensions pushed operating costs higher and weighed on earnings and operating cash flow.

Financial highlights

• Q3 total profit was RMB 24 million, down 99.38% YoY; attributable net income was RMB 64 million, down 98.19%, and adjusted net income excluding nonrecurring items was a RMB 59 million loss.

• 9M revenue increased 10.01% YoY to RMB 117,066 million; total profit was a RMB 2,264 million loss and attributable net income was a RMB 2,115 million loss.

• 9M operating costs rose to RMB 125,065 million from RMB 109,602 million; operating profit shifted to a RMB 2,757 million loss from RMB 1,954 million profit.

• 9M adjusted net income excluding nonrecurring items was a RMB 3,256 million loss; basic and diluted EPS were both RMB -0.12.

Key financial ratios and metrics

• Q3 basic and diluted EPS were both RMB -0.01; weighted average ROE was -1.10%, down 25.10 percentage points YoY.

• At Sep. 30, total assets were RMB 299,552 million, up 2.67% from year-end 2025; equity attributable to shareholders was RMB 35,412 million, down 6.22%.

• 9M operating cash flow was RMB 18,986 million, down 34.23% YoY; period-end cash and cash equivalents were RMB 6,182 million.