According to the Guohai Securities Research Report, oil prices are eroding China Eastern Airlines' Q2 profits, and demand is yet to pick up. 2026H1 achieved operating income of 74.23 billion yuan, +11.1% year-on-year; corresponding net profit to mother recorded a net profit of 2.179 billion yuan, an increase in year-on-year losses. Net profit returned to mother in the second quarter was affected by the sharp rise in oil prices and the year-on-year loss increased. The rise in oil prices has limited capacity investment, and international travel is relatively strong; the increase in unit seat revenue is better than per unit passenger, and the cost increase is obvious. Focus on the elasticity of ticket price profits brought about by falling oil prices and rising demand, and maintain the company's “buy” rating.

According to the Guohai Securities Research Report, oil prices are eroding China Eastern Airlines' Q2 profits, and demand is yet to pick up. 2026H1 achieved operating income of 74.23 billion yuan, +11.1% year-on-year; corresponding net profit to mother recorded a net profit of 2.179 billion yuan, an increase in year-on-year losses. Net profit returned to mother in the second quarter was affected by the sharp rise in oil prices and the year-on-year loss increased. The rise in oil prices has limited capacity investment, and international travel is relatively strong; the increase in unit seat revenue is better than per unit passenger, and the cost increase is obvious. Focus on the elasticity of ticket price profits brought about by falling oil prices and rising demand, and maintain the company's “buy” rating.