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China Eastern Airlines Q3 profit climbs YOY

China Eastern Airlines Corp. Ltd. said its normalized net income for the third quarter amounted to 20 fen per share, a gain from 19 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.86 billion yuan, a gain from 2.78 billion yuan in the year-earlier period.

The normalized profit margin increased to 9.7% from 9.6% in the year-earlier period.

Total revenue climbed on an annual basis to 29.48 billion yuan from 29.08 billion yuan, and total operating expenses came to 24.53 billion yuan, compared with 24.30 billion yuan in the year-earlier period.

Reported net income grew year over year to 3.57 billion yuan, or 25 fen per share, from 3.46 billion yuan, or 24 fen per share.

As of Oct. 26, US$1 was equivalent to 6.63 yuan.