China Eastern predicts 1H net income to drop 90%

Credit: By Rob Finlayson
China Eastern Airlines expects to report first-half net income of less than CNY50 million ($8.1 million), down 90% from net profit of CNY763 million in the year-ago period. The Shanghai-based carrier cited exchange rate fluctuations and yuan depreciation for the sharp first-half profit decline. Yuan...

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