ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintTitle ChevronIcon Twitter
Transportation

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 HKDUSD
Revenue137,188.01M17,509.19M
Gross Profit16,564.25M2,114.08M
Operating income3,269.08M417.23M
Income before tax4,554.94M581.34M
Net income3,619.46M461.94M
EBITDA28,277.60M3,609.04M
Diluted EPS0.230.03
Dividends Per Share0.050.00
Total Assets319,006.63M40,941.32M
Total liabilities237,745.14M30,512.22M
Total equity77,192.03M9,906.82M
Operating cash flow26,885.15M3,431.33M
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 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 2015Dec 2016Dec 2017Dec 2018Dec 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
PER16.11
ROA1.22%
ROE5.05%
Operating margin2.38%
Profit margin2.63%

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

Related Companies

  • One Two Three Airlines 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) Co., 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
  • Juneyao Airlines Co., Ltd. Class A
  • Air Canada
Last Updated on 30 Oct, 2020

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more