Transportation
China Eastern Airlines Corp. Ltd.
- 5.96 HKD
- -0.02
- -0.33%
China
Apr 18, 2019Ticker
HKG(670)Prev. close
5.98Market cap (HKD)
116,802.44MMarket cap (USD)
14,888.61MShares
14,467.58M
In the news
- China airline trio suffers first profit drop in 5 years Apr 2, 2019
- Boeing's woes create opening for Chinese and Russian rivals Mar 21, 2019
- Wanda Group sheds assets as fast as it bought them Feb 14, 2019
- One in three Chinese listed companies saw profit fall in 2018 Feb 7, 2019
- Asian travelers poised to lift global airline earnings in 2019 Dec 24, 2018 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 2018 | HKD | USD |
| Revenue | 135,718.27M | 17,316.42M |
| Gross Profit | 13,803.62M | 1,761.21M |
| Operating income | 3,296.33M | 420.58M |
| Income before tax | 4,338.65M | 553.57M |
| Net income | 3,208.68M | 409.39M |
| EBITDA | 21,390.05M | 2,729.17M |
| Diluted EPS | 0.22 | 0.02 |
| Dividends Per Share | -- | -- |
| Total Assets | 269,996.65M | 34,485.19M |
| Total liabilities | 202,015.40M | 25,802.32M |
| Total equity | 63,592.01M | 8,122.26M |
| Operating cash flow | 26,756.81M | 3,413.92M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 112,813.32M | 115,535.20M | 114,882.41M | 116,989.89M | 135,718.27M |
| Gross Profit | 12,105.79M | 19,889.87M | 17,862.78M | 12,355.32M | 13,803.62M |
| Operating income | 6,749.49M | 14,251.63M | 8,206.97M | 2,499.89M | 3,296.33M |
| Income before tax | 5,025.30M | 6,807.57M | 7,384.40M | 9,650.18M | 4,338.65M |
| Net income | 4,300.39M | 5,601.23M | 5,267.23M | 7,324.40M | 3,208.68M |
| EBITDA | 19,001.27M | 27,611.46M | 23,908.17M | 18,579.68M | 21,390.05M |
| Diluted EPS | 0.33 | 0.44 | 0.38 | 0.50 | 0.22 |
| Dividends Per Share | 0 | 0 | 0.11 | 0.06 | -- |
| Total Assets | 204,423.54M | 233,579.84M | 234,341.59M | 273,058.09M | 269,996.65M |
| Total liabilities | 167,401.76M | 188,465.32M | 178,291.76M | 204,956.83M | 202,015.40M |
| Total equity | 34,619.33M | 41,936.21M | 52,642.65M | 63,750.84M | 63,592.01M |
| Operating cash flow | 15,649.81M | 30,199.30M | 29,389.23M | 22,811.51M | 26,756.81M |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 14,547.76M | 14,902.81M | 14,799.74M | 15,012.52M | 17,316.42M |
| Gross Profit | 1,561.09M | 2,565.58M | 2,301.17M | 1,585.47M | 1,761.21M |
| Operating income | 870.37M | 1,838.31M | 1,057.26M | 320.79M | 420.58M |
| Income before tax | 648.03M | 878.10M | 951.29M | 1,238.34M | 553.57M |
| Net income | 554.55M | 722.50M | 678.55M | 939.89M | 409.39M |
| EBITDA | 2,450.29M | 3,561.58M | 3,079.97M | 2,384.20M | 2,729.17M |
| Diluted EPS | 0.04 | 0.05 | 0.04 | 0.06 | 0.02 |
| Dividends Per Share | 0 | 0 | 0.01 | 0.00 | -- |
| Total Assets | 26,360.73M | 30,138.74M | 30,225.33M | 34,929.97M | 34,485.19M |
| Total liabilities | 21,586.71M | 24,317.63M | 22,996.04M | 26,218.36M | 25,802.32M |
| Total equity | 4,464.21M | 5,411.01M | 6,789.84M | 8,155.09M | 8,122.26M |
| Operating cash flow | 2,018.11M | 3,895.39M | 3,786.07M | 2,927.24M | 3,413.92M |
Valuation Measures
| Dec 2018 | |
| PER | 19.65 |
| ROA | 1.18% |
| ROE | 5.03% |
| Operating margin | 2.42% |
| Profit margin | 2.36% |
Key executives
- President & Director: Yang Min Li
- Chief Financial Officer & Vice President: Yong Liang Wu
- Director & Vice President: Liu Wen Tian
- Vice President & Chief Engineer: Liang Feng
- Deputy General Manager: You Wen Sun
Shareholders
- China State-Owned Assets Supervision & Admn Commission (56.3%)
- Delta Air Lines, Inc. (10%)
- LUO YI FAMILY (3.6%)
- The Vanguard Group, Inc. (1.2%)
- Shanghai Chongyang Investment Management Co., Ltd. (1.2%)
- Invesco Great Wall Fund Management Co. Ltd. (Invt Mgmt) (0.7%)
- BlackRock Fund Advisors (0.4%)
- Dimensional Fund Advisors LP (0.4%)
- BlackRock Asset Management North Asia Ltd. (0.3%)
- Norges Bank Investment Management (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.
- CES MU2 LLC
- 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 Southern Airlines Company Limited Class H
- China Airlines Ltd.
- Spring Airlines Co., Ltd. Class A
- Cathay Pacific Airways Limited
- Air China Limited Class H
- Eva Airways Corporation
- PT Garuda Indonesia (Persero) Tbk Class B
- Air Canada
- AirAsia Group Bhd.
Copyright © 2019 FactSet Research Systems Inc. All rights reserved.
Last Updated on 18 Apr, 2019