China Eastern Airlines Corporation Limited (CEA)
Chart Events
Performance Outlook
| Previous Close | 23.02 |
| Open | 22.80 |
| Bid | 22.88 x 800 |
| Ask | 22.92 x 800 |
| Day's Range | 22.80 - 22.93 |
| 52 Week Range | 16.67 - 26.19 |
| Volume | 4,611 |
| Avg. Volume | 17,648 |
| Market Cap | 12.264B |
| Beta (5Y Monthly) | 0.71 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -5.55 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.35 (1.53%) |
| Ex-Dividend Date | Jul 07, 2020 |
| 1y Target Est | 31.72 |
Fair Value
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- Reuters
Air France to boost China Eastern venture after share issue
PARIS (Reuters) -Air France-KLM will expand its partnership with China Eastern Airlines, as the Chinese carrier contributes to a 1 billion-euro ($1.2 billion) share issue heavily backed by the French government, the airline group said on Monday. The French state will cover as much as two-thirds of a 988 million-euro capital increase by Air France-KLM, more than doubling its stake to nearly 30%, while 8.8% shareholder China Eastern invests up to 168 million euros to maintain or slightly increase its stake, subject to a 10% agreed cap. The share issue, which may rise to 1.14 billion euros with an increase option, is part of a 4 billion-euro recapitalisation announced last week - the latest move by a major airline group to shore up finances after more than a year of COVID-19 travel shutdowns and deep losses for the sector.
- MarketWatch
Air France-KLM gets EU approval for $4.7 billion in state aid
The European Commission has approved a €4 billion ($4.7 billion) recapitalization of Air France-KLM that could see the French state double its stake in the carrier, which has been hammered by the unprecedented collapse in global travel during the COVID-19 pandemic. France, which already holds a 14.3% stake in Air France-KLM, will convert €3 billion in loans it gave to the airline last year into hybrid debt and take part in a planned additional capital raise for up to €1 billion, the airline said on Tuesday. As a result, the French government’s shareholding could rise to 30%, making it Air France-KLM’s single largest investor, French finance minister Bruno Le Maire told France Inter radio on Tuesday morning.
