CEA Has No Moat Despite Being One of the Big Three Domestically, Owing to Intense Competition
In terms of revenue and passenger-carrying capacity, China Eastern is ranked as the third-largest airline in the fast-growing, increasingly competitive Chinese airline market. Domestic competition is still on the rise, but the international markets are poised to become the company’s main revenue growth driver. We expect China Eastern’s net income and revenue to grow at 10% and 6% per year, respectively, between 2018 and 2022. The positive net income growth catalysts include favorable jet-fuel pr...China Eastern Airlines Corporation Limited is a China-based company principally engaged in the provision of airline transportation and extended services. The Company is primarily engaged in the operation of airline passenger, cargo, mail delivery, tour operations and other extended transportation services. The Company also involves in general aviation transportation, aircraft maintenance, aviation equipment manufacturing and maintenance, air transport agency for domestic and foreign airlines, other related business, part-time insurance agent services, e-commerce, airline supermarket, as well as commodity wholesale and retail business. The Company operates its business in domestic market and to overseas markets.
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