0820 GMT - China Eastern Airlines' outlook could remain challenging, says DBS Group Research's Paul Yong in a note. He expects the airline's profitability to remain under strain as passenger yield pressures endure, driven by fare wars, muted business travel demand and fiercer competition from China's growing high-speed rail network. He lowers his 2025 and 2026 earnings forecasts for the airline by 47% and 52%, respectively. DBS trims its target on China Eastern's A shares to CNY4.10 from CNY4.30, and on its H shares to HK$2.90 from HK$3.10, while maintaining its hold rating. China Eastern's Shanghai-listed shares closed 1.2% lower at CNY4.03, while its Hong Kong-listed stock ended flat at HK$2.97. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
September 12, 2025 04:20 ET (08:20 GMT)
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