China Eastern Airlines Corp. Ltd.

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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 on April 14, 1995 and is headquartered in Shanghai, China.

Financial Highlights

Dec 2021	HKD	USD
Revenue	80,902.19M	10,408.32M
Gross Profit	-17,256.21M	-2,220.06M
Operating income	-23,604.05M	-3,036.73M
Income before tax	-20,936.92M	-2,693.60M
Net income	-14,720.44M	-1,893.83M
EBITDA	3,775.92M	485.78M
Diluted EPS	-0.87	-0.11
Dividends Per Share	0	0
Total Assets	353,266.88M	45,312.12M
Total liabilities	283,354.80M	36,344.78M
Total equity	65,585.38M	8,412.37M
Operating cash flow	-614.65M	-79.07M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	118,162.57M	136,541.47M	137,188.01M	65,991.14M	80,902.19M
Gross Profit	15,477.88M	14,584.18M	16,564.25M	-15,100.19M	-17,256.21M
Operating income	3,526.13M	3,456.23M	3,269.08M	-21,890.67M	-23,604.05M
Income before tax	9,638.65M	4,325.62M	4,554.94M	-18,420.70M	-20,936.92M
Net income	7,312.87M	3,195.65M	3,619.46M	-13,300.03M	-14,720.44M
EBITDA	19,103.19M	20,988.52M	28,277.60M	3,117.12M	3,775.92M
Diluted EPS	0.50	0.22	0.23	-0.81	-0.87
Dividends Per Share	0.06	0	0.05	0	0
Total Assets	275,774.70M	272,564.74M	319,006.63M	337,492.49M	353,266.88M
Total liabilities	205,214.92M	202,317.60M	237,745.14M	267,357.13M	283,354.80M
Total equity	66,456.65M	66,149.83M	77,192.03M	66,691.07M	65,585.38M
Operating cash flow	18,543.94M	21,636.41M	26,885.15M	-4,680.18M	-614.65M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	15,163.01M	17,421.45M	17,509.19M	8,508.40M	10,408.32M
Gross Profit	1,986.17M	1,860.80M	2,114.08M	-1,946.90M	-2,220.06M
Operating income	452.48M	440.98M	417.23M	-2,822.41M	-3,036.73M
Income before tax	1,236.86M	551.91M	581.34M	-2,375.02M	-2,693.60M
Net income	938.41M	407.73M	461.94M	-1,714.80M	-1,893.83M
EBITDA	2,451.38M	2,677.94M	3,609.04M	401.89M	485.78M
Diluted EPS	0.06	0.02	0.03	-0.10	-0.11
Dividends Per Share	0.00	0	0.00	0	0
Total Assets	35,277.48M	34,813.20M	40,941.32M	43,525.79M	45,312.12M
Total liabilities	26,251.38M	25,840.92M	30,512.22M	34,480.56M	36,344.78M
Total equity	8,501.22M	8,448.95M	9,906.82M	8,601.02M	8,412.37M
Operating cash flow	2,379.62M	2,760.61M	3,431.33M	-603.42M	-79.07M

Valuation Measures

Dec 2021
PER	--
ROA	-4.26%
ROE	-22.25%
Operating margin	-29.17%
Profit margin	-18.19%

Key executives

Chairman & President: Yang Min Li
Chief Financial Officer & Vice President: Qimin Zhou
Vice President: Sheng Xi
Vice President: Guo Wei Cheng
Vice President: Tie Xiang Liu

Shareholders

China State-Owned Assets Supervision & Admn Commission (50.7%)
Juneyao Airlines Co., Ltd. (10.7%)
Delta Air Lines, Inc. (9%)
GF Fund Management Co., Ltd. (3.6%)
Norges Bank Investment Management (1.6%)
The Vanguard Group, Inc. (1.3%)
Dimensional Fund Advisors LP (0.5%)
BlackRock Investment Management (UK) Ltd. (0.5%)
Zhongtai Securities Shanghai Assets Management Co., Ltd. (0.5%)
E Fund Management Co., Ltd. (0.2%)

Contact Details

Website:http://www.ceair.com
Address: CEA Building, Minhang District, 36 Hongxiang 3rd Road, Shanghai, 201100, China
Phone: +86.21.6268.6268

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Competitors

China Airlines Ltd.
China Southern Airlines Company Limited Class H
Spring Airlines Co., Ltd. Class A

Last Updated on 20 Jan, 2023