According to the Guosheng Securities Research Report, China Eastern Airlines has achieved steady profits under high oil prices due to the structural boom in logistics and air transportation. Net profit for the first three quarters of 2026 was 2.15 billion yuan/+7.5% YoY, and 3Q26 net profit to mother was 730 million yuan/+2.8% YoY. AI hardware supports the growth of global air transport demand, and the company is enjoying the dividends of the hinterland under the structural boom of the industry. The company's hinterland is located in the Jiangsu, Zhejiang and Shanghai regions of China. The export share of high-tech products from the Jiangsu, Zhejiang and Shanghai regions in 1Q26-3Q26 was 34.9%/35.0%/36.8%, respectively. The company may continue to benefit from the export dividends of high-value products in the hinterland to maintain business growth. Aviation fuel costs impacted gross profit performance, and integrated ground services showed operational resilience. The scale of the company's capacity continues to increase, and with the advent of the traditional peak season for air transportation, the company's business scale is expected to take advantage of the momentum. The company is leading the industry in terms of total freighter scale and capacity continues to expand. It is expected to seize the structural boom in air transport and continue to take advantage of the momentum, and is optimistic about peak season performance. Maintain a “buy” rating.

According to the Guosheng Securities Research Report, China Eastern Airlines has achieved steady profits under high oil prices due to the structural boom in logistics and air transportation. Net profit for the first three quarters of 2026 was 2.15 billion yuan/+7.5% YoY, and 3Q26 net profit to mother was 730 million yuan/+2.8% YoY. AI hardware supports the growth of global air transport demand, and the company is enjoying the dividends of the hinterland under the structural boom of the industry. The company's hinterland is located in the Jiangsu, Zhejiang and Shanghai regions of China. The export share of high-tech products from the Jiangsu, Zhejiang and Shanghai regions in 1Q26-3Q26 was 34.9%/35.0%/36.8%, respectively. The company may continue to benefit from the export dividends of high-value products in the hinterland to maintain business growth. Aviation fuel costs impacted gross profit performance, and integrated ground services showed operational resilience. The scale of the company's capacity continues to increase, and with the advent of the traditional peak season for air transportation, the company's business scale is expected to take advantage of the momentum. The company is leading the industry in terms of total freighter scale and capacity continues to expand. It is expected to seize the structural boom in air transport and continue to take advantage of the momentum, and is optimistic about peak season performance. Maintain a “buy” rating.