UPDATE 1-China Eastern Airlines says trade war may prompt route adjustments [Reuters]
China Eastern Airlines Corporation Ltd. (CEA)
US:NYSE Investor Relations:
irasia.com/listco/hk/chinaeast/annual/index.htm
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Source: Reuters
China Eastern Airlines says trade war may prompt route adjustments | Reuters Reuters Staff 2 Min Read HONG KONG(Reuters) - China Eastern Airlines Corp Ltd ( 600115.SS ) ( 0670.HK ) said a brewing trade war between China and the United States could prompt it to adjust capacity and frequency on associated routes in the expectation that it may impact passenger travel and cargo. China’s second largest carrier by passenger numbers said it had set up a group to study the issue. The Trump administration on Tuesday imposed 25 percent tariffs on some 1,300 Chinese products while China has put tariffs on U.S fruit and nuts. Chief Executive Ma Xulun said at a news conference on Wednesday that the trade war could have a “certain impact” on passenger and cargo business. “We will make some adjustment to our fleet if passenger numbers fall on China-U.S. routes, for example by switching the Boeing 777 to the Airbus 330-200. If the impact is more severe, we may make adjustments to airline frequenc
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