Asia300

China Eastern Airlines Corp. Ltd.

China

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Mar 23, 2017
Prev close: 4.8
Mar 23, 2017
Market cap:
Market cap(USD):
102,226.55M
13,161.62M
Shares: 14,467.58M

Currency in HKD

Company profile

Market(Ticker): HKG(670)
Sector:
Industry:
Transportation
Airlines
Full time employees: 71,033

Business summary

China Eastern Airlines Corp. Ltd. is engaged in the provision of passenger and cargo air transportation services. The airline runs passenger aircraft, business aircraft and freighters. The company was founded in June 1988 and is headquartered in Shanghai, China.

Company background

China Eastern Airlines is a major Chinese airline based in Shanghai. It was established in 1988, following the restructuring of China's civil aviation administration, with operations originally focused on the Shanghai area. The company is listed on the New York Stock Exchange, Hong Kong Exchanges and Clearing, and the Shanghai Stock Exchange.

China Eastern Airlines is one of China's top three carriers, along with Air China and China Southern Airlines. It is a member of the SkyTeam alliance network.

The airline has about 70,000 employees, flies to about 1,000 destinations in 170 countries and serves about 80 million passengers per year. Its fleet has about 500 total aircraft from the U.S. maker Boeing and French manufacturer Airbus.

Chairman Liu Shaoyong is a former pilot in the People's Liberation Army Air Force. He became chairman of China Southern Airlines in 2004, and joined China Eastern Airlines in 2008. Liu's goal is to improve services and further globalize the airline.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 115,535.20M
Gross profit 19,889.87M
Operating income 9,156.12M
Income before tax 6,807.57M
Net income 5,601.23M
EBITDA 22,515.95M
Diluted EPS 0.44
Dividends per share 0
Total assets 233,579.84M
Total liabilities 188,465.32M
Total equity 41,936.21M
Operating cash flow 30,199.30M

Currency in HKD

Revenue 14,902.81M
Gross profit 2,565.58M
Operating income 1,181.04M
Income before tax 878.10M
Net income 722.50M
EBITDA 2,904.32M
Diluted EPS 0.05
Dividends per share 0
Total assets 30,138.74M
Total liabilities 24,317.63M
Total equity 5,411.01M
Operating cash flow 3,895.39M

Currency in USD

Valuation measures

Dec 2015

PER 9.93
ROA 2.55%
ROE 14.63%
Operating margin 7.92%
Profit margin 4.84%

Key executive

  • Vice Chairman & General Manager: Xu Lun Ma
  • Chief Financial Officer & Deputy General Manager: Yong Liang Wu
  • Director & Deputy General Manager: Liu Wen Tian
  • Director & Deputy General Manager: Yang Min Li
  • Director & Deputy General Manager: Bing Tang

Share holders

  • China State-Owned Assets Supervision & Admn Commission(56.3%)
  • Delta Air Lines, Inc.(10%)
  • The Vanguard Group, Inc.(1.0%)
  • Principal Global Investors LLC(0.3%)
  • FIL Investment Management (Hong Kong) Ltd.(0.3%)
  • EFG Asset Management (HK) Ltd.(0.3%)
  • Norges Bank Investment Management(0.2%)
  • Dimensional Fund Advisors LP(0.2%)
  • Robeco Institutional Asset Management BV(0.1%)
  • C. S. McKee LP(0.1%)

Address

  • Website: http://www.ceair.com
  • Address: 92 Kong Gang Road 3, Shanghai, 200335, China
  • Phone: +86.21.6268.6268

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