China Eastern Airlines Corp. Ltd.

In the news

China's top airlines receive domestically made ARJ21 aircraft Jun 28, 2020
Flying to China still a challenge as restrictions extended May 26, 2020
Mainland Chinese airlines show signs of recovery May 20, 2020
Historic loss at Singapore Airlines showcases Asian aviation woes May 15, 2020
China's big 3 airlines rake in $5bn net cash despite record loss Apr 30, 2020

See more articles on China Eastern Airlines Corp. Ltd.

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.

Business Summary

China Eastern Airlines Corp. Ltd. engages in the provision of passenger and cargo air transportation services. It operates through Airline Transportation Operations and Other segments. The Airline Transportation Operations segment provides passenger, cargo, mail delivery, ground service, and cargo handling services. The Other segment comprises tour operations, air catering, and other miscellaneous services. The company was founded in June 1988 and is headquartered in Shanghai, China.

Financial Highlights

Dec 2019	HKD	USD
Revenue	137,188.01M	17,509.19M
Gross Profit	16,564.25M	2,114.08M
Operating income	3,269.08M	417.23M
Income before tax	4,554.94M	581.34M
Net income	3,619.46M	461.94M
EBITDA	28,277.60M	3,609.04M
Diluted EPS	0.23	0.03
Dividends Per Share	0.05	0.00
Total Assets	319,006.63M	40,941.32M
Total liabilities	237,745.14M	30,512.22M
Total equity	77,192.03M	9,906.82M
Operating cash flow	26,885.15M	3,431.33M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	115,908.94M	115,561.26M	118,162.57M	136,541.47M	137,188.01M
Gross Profit	22,969.87M	21,320.13M	15,477.88M	14,584.18M	16,564.25M
Operating income	9,294.27M	8,243.19M	3,526.13M	3,456.23M	3,269.08M
Income before tax	6,802.64M	7,372.72M	9,638.65M	4,325.62M	4,554.94M
Net income	5,596.30M	5,255.54M	7,312.87M	3,195.65M	3,619.46M
EBITDA	22,131.11M	22,357.68M	19,103.19M	20,988.52M	28,277.60M
Diluted EPS	0.43	0.38	0.50	0.22	0.23
Dividends Per Share	0	0.11	0.06	0	0.05
Total Assets	236,304.62M	236,877.44M	275,774.70M	272,564.74M	319,006.63M
Total liabilities	188,646.73M	178,455.76M	205,214.92M	202,317.60M	237,745.14M
Total equity	44,650.24M	55,168.46M	66,456.65M	66,149.83M	77,192.03M
Operating cash flow	26,418.68M	25,652.62M	18,543.94M	21,636.41M	26,885.15M

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	14,951.02M	14,887.20M	15,163.01M	17,421.45M	17,509.19M
Gross Profit	2,962.87M	2,746.57M	1,986.17M	1,860.80M	2,114.08M
Operating income	1,198.86M	1,061.93M	452.48M	440.98M	417.23M
Income before tax	877.46M	949.79M	1,236.86M	551.91M	581.34M
Net income	721.86M	677.04M	938.41M	407.73M	461.94M
EBITDA	2,854.67M	2,880.23M	2,451.38M	2,677.94M	3,609.04M
Diluted EPS	0.05	0.04	0.06	0.02	0.03
Dividends Per Share	0	0.01	0.00	0	0.00
Total Assets	30,490.32M	30,552.41M	35,277.48M	34,813.20M	40,941.32M
Total liabilities	24,341.04M	23,017.19M	26,251.38M	25,840.92M	30,512.22M
Total equity	5,761.21M	7,115.61M	8,501.22M	8,448.95M	9,906.82M
Operating cash flow	3,407.73M	3,304.70M	2,379.62M	2,760.61M	3,431.33M

Valuation Measures

Dec 2019
PER	16.11
ROA	1.22%
ROE	5.05%
Operating margin	2.38%
Profit margin	2.63%

Key executives

Vice Chairman, President & General Manager: Yang Min Li
Chief Financial Officer & Vice President: Yong Liang Wu
Vice President: Tie Xiang Liu
Deputy General Manager: You Wen Sun
Chief Human Resources Officer & Director: Jun Yuan

Shareholders

China State-Owned Assets Supervision & Admn Commission (50.7%)
Juneyao Airlines Co., Ltd. (10.2%)
Delta Air Lines, Inc. (9%)
The Vanguard Group, Inc. (1.3%)
BlackRock Investment Management (UK) Ltd. (0.6%)
Dimensional Fund Advisors LP (0.6%)
BlackRock Fund Advisors (0.4%)
Norges Bank Investment Management (0.3%)
Orient Securities Asset Management Co. Ltd. (0.2%)
BlackRock Advisors (UK) Ltd. (0.1%)

Contact Details

Website:http://www.ceair.com
Address: 5/F, Block A2, Northern CEA Building, 36 Hongxiang 3rd Road, Shanghai, 201100, China
Phone: +86.21.2233.0929

Related Companies

China Eastern Business Jet Co., Ltd.
China Eastern Airlines Technology Co., Ltd.
China Eastern Airlines E-Commerce Co., Ltd.
China Eastern Airlines Application Development Center Co.
China Eastern Group Finance Co., Ltd.
China Eastern Airlines Executive Air Co., Ltd.
China Eastern Media Corp. Ltd.
Shanghai East Union Aviation Wheels Brakes Maint Svc Overhaul
Shanghai Eastern Logistics Co. Ltd.
China Eastern Airlines Yunnan Co., Ltd.
Eastern Air Overseas (Hong Kong) Corp. Ltd.
Joy Air Co., Ltd.
Eastern Airlines Hotel Co., Ltd.
Shanghai Eastern Flight Training Co., Ltd.
Shanghai Eastern Maintenance Co. Ltd.
China Eastern Aviation Import & Export Corp.
Shanghai Airlines Tours International (Group) Co., Ltd.
China Southwest Airlines
China Eastern Airlines Wuhan Co., Ltd.
China Eastern Airlines Jiangsu Co., Ltd.
China Cargo Airlines Co., Ltd.
China Yunnan Airlines
China Northwest Airlines
China United Airlines Co. Ltd.
Shanghai Airlines Co., Ltd.
Wuhan Airlines Co.

Competitors

China Airlines Ltd.
China Southern Airlines Company Limited Class H
Spring Airlines Co., Ltd. Class A
Cathay Pacific Airways Limited
Eva Airways Corporation
Air China Limited Class H
Air New Zealand Limited
China Express Airlines Co., Ltd. Class A
AirAsia Group Bhd.
Air Canada

Last Updated on 9 Jul, 2020