China Eastern Airlines, one of the country's top three airlines, may return to the black this year due to a pick-up in the domestic air travel market, a senior company executive said on Tuesday.

"We have a chance to significantly cut our losses this year. We may even strive for profitability," Luo Zhuping, the carrier's board secretary, told a briefing.

China Eastern may consider scrapping its previous order for 9 Boeing 787 Dreamliners, which has been delayed by the manufacturer, if the international travel market remains sluggish, he said.

"The timing of the delivery of the 787 could be an issue and our planning department is looking at it now. There is a chance that we would scrap the order. It all depends on the timing," Luo said.

The carrier has already cancelled leasing contracts for seven Boeing single-aisle 737 jets, he added.