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
- 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 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
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
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
Related Companies
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- China Eastern Aviation Import & Export Corp.
- 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
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