Summary by Moomoo AI
According to an audit report by Phua Yongdao Zhongtian Accounting Firm, China Oriental Airlines Co., Ltd.'s consolidated report dated December 31, 2023 showed that the amount of uncompensated losses exceeded one third of the total realized share capital. The company had a realized share capital of RMB222.91 billion, without making up losses of RMB525.24 billion. This situation is subject to submission to the General Meeting under the Companies Act and the Articles of Association. China Eastern Airlines pointed out that the airline industry suffered from severe turbulence between 2020 and 2022, which led to a sharp drop in demand for air travel. Despite the gradual recovery of the domestic passenger transport market in 2023, the international passenger market still faces challenges. The company is working to...Show More