Companies

China Eastern 2010 profit predicted to surge 10 times

(Xinhua)
Updated: 2011-01-05 11:17

SHANGHAI - The Shanghai-based China Eastern Airlines, a leading air carrier, said late Tuesday that its net profit in 2010 would hit a record high of 5.4 billion yuan ($816 million), 10 times that of 2009, thanks to the booming air travel in China.

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The company said in a statement that in addition to brisk air travel, the merger with Shanghai Airlines also contributed to profit surge.

Moreover, the six-month Shanghai World Expo brought large numbers of customers, according to the statement.