China Eastern Airlines (OTCMKTS:CHEAF – Get Free Report) is anticipated to issue its results after the market closes on Friday, August 28th. Analysts expect the company to announce earnings of $0.0029 per share and revenue of $5.7082 billion for the quarter.
China Eastern Airlines Stock Performance
Shares of CHEAF opened at $0.37 on Wednesday. The stock has a 50 day moving average price of $0.41 and a 200 day moving average price of $0.55. China Eastern Airlines has a one year low of $0.34 and a one year high of $0.80.
China Eastern Airlines Company Profile
China Eastern Airlines Corporation Limited is one of the three major state-owned airlines in the People’s Republic of China, with its headquarters and primary hubs located in Shanghai. Established in 1988 through the reorganization of the Civil Aviation Administration of China’s regional operations, the company operates under the auspices of China Eastern Air Holding Company, a state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission. Over the decades, China Eastern has grown into a leading carrier, leveraging Shanghai’s Pudong and Hongqiao airports as central nodes for its expansive route network.
The company’s core business comprises scheduled passenger air transport services, freight and mail delivery, and aircraft maintenance services.
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