Transportation
China Eastern Airlines Corp. Ltd.
In the news
- Chinese airlines plug 'all you can fly' deals to revive travel Jul 28, 2020
- Private carriers lead China's aviation rebound from coronavirus Jul 21, 2020
- 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 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
| 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: Zhou Qimin
- 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. (10.7%)
- Delta Air Lines, Inc. (9%)
- The Vanguard Group, Inc. (1.3%)
- US Global Investors, Inc. (Asset Management) (0.7%)
- BlackRock Investment Management (UK) Ltd. (0.6%)
- Dimensional Fund Advisors LP (0.6%)
- BlackRock Fund Advisors (0.6%)
- Norges Bank Investment Management (0.3%)
- 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
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- 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
- Juneyao Airlines Co., Ltd. Class A
- Air Canada
Copyright © 2020 FactSet Research Systems Inc. All rights reserved.
Last Updated on 30 Oct, 2020
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