China Eastern net profit up 4.9% in Q3

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China Eastern Airlines' third quarter net profit has risen 4.9% to yuan (CNY) 3.31 billion ($517 million) from CNY3.15 billion a year earlier.

Its revenue for the quarter ended 30 September increased by 12% year on year to CNY24.5 billion from CNY21.8 billion, said the airline.

Total operating expenses increased by 13.6% year on year to CNY21.3 billion, while operating profit declined by 4.6% to CNY2.27billion from CNY2.54 billion, China Eastern added.

For the first nine months revenue increased 14% to CNY63.2 billion.

Total operating costs for the period increased 14% to CNY58.1 billion while operating profit increased 6.2% to CNY5.33 billion.

Year-to-date net profit rose 12.9% to CNY5.76 billion.

The airline did not provide operating figures for the third quarter, but its total year-to-date traffic increased 9.53% while capacity increased 7.9%.