China Eastern Airlines revenue up 13% in 2018

SHANGHAI - China Eastern Airlines Co Ltd, one of the country's three largest State-owned airlines, registered revenues of 114.93 billion yuan ($17.13 billion) in 2018, up 12.99 percent year-on-year, according to a company statement released Friday evening.

The net profits attributable to shareholders was 2.71 billion yuan, down 57.35 percent from the previous year, the Shanghai-based airline said in its annual results for 2018 filed to the Shanghai Stock Exchange.

The company cited rising oil prices and exchange losses caused by exchange rate fluctuations as causes of the decrease.

The airline carried 121.2 million passengers last year, an annual increase of 9.4 percent year-on-year. By the end of 2018, the airline had a fleet of 692 planes.