China Eastern Airlines net profit drops 9.18% in 2011

China Eastern Airlines Co., Ltd., one of China's carrier giants, said on Sunday that its net profit fell 9.18 percent year-on-year to 4.89 billion yuan (775.56 million U.S. dollars) in 2011 on the slowdown of global aviation market.

Business revenue gained 12.03 percent year-on-year to 83.97 billion yuan, according to the company's annual report filed with the Shanghai Stock Exchange.

Its earnings per share stood at 0.4334 yuan last year, down 10.19 percent from previous year, said the report.

The Shanghai-based company said it transported 68.72 million passengers last year, up 5.84 percent year-on-year.

China Eastern Airlines had 377 planes and about 60,000 employees at the end of last year.