China Eastern Airlines earns AAA credit rating

China Eastern Airlines Corp (SSE:600115) has received a AAA credit rating from Dagong Global Credit Rating Co., Ltd. The rating reflects China Eastern's significant market share as one of the three major state-owned airlines in China, its optimized fleet structure, and continued support from the government and shareholders. Despite a AAA rating, Dagong Global notes certain challenges, including losses attributed to operating expenses, ongoing capital expenditures for aircraft, and a relatively high debt-to-asset ratio. For the period ending March 31, 2025, the airline reported total assets of CNY 285,299 million and operating revenue of CNY 33,406 million. Dagong Global maintains a stable outlook for China Eastern over the next 1-2 years, anticipating continued support from the government and shareholders.