Transportation
China Eastern Airlines Corp. Ltd.
In the news
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- 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
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 2020 | HKD | USD |
| Revenue | 65,991.14M | 8,508.40M |
| Gross Profit | -15,100.19M | -1,946.90M |
| Operating income | -21,890.67M | -2,822.41M |
| Income before tax | -18,420.70M | -2,375.02M |
| Net income | -13,300.03M | -1,714.80M |
| EBITDA | 3,117.12M | 401.89M |
| Diluted EPS | -0.72 | -0.09 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 337,492.49M | 43,525.79M |
| Total liabilities | 267,357.13M | 34,480.56M |
| Total equity | 66,691.07M | 8,601.02M |
| Operating cash flow | -4,680.18M | -603.42M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 115,561.26M | 118,162.57M | 136,541.47M | 137,188.01M | 65,991.14M |
| Gross Profit | 21,320.13M | 15,477.88M | 14,584.18M | 16,564.25M | -15,100.19M |
| Operating income | 8,243.19M | 3,526.13M | 3,456.23M | 3,269.08M | -21,890.67M |
| Income before tax | 7,372.72M | 9,638.65M | 4,325.62M | 4,554.94M | -18,420.70M |
| Net income | 5,255.54M | 7,312.87M | 3,195.65M | 3,619.46M | -13,300.03M |
| EBITDA | 22,357.68M | 19,103.19M | 20,988.52M | 28,277.60M | 3,117.12M |
| Diluted EPS | 0.32 | 0.44 | 0.18 | 0.21 | -0.72 |
| Dividends Per Share | 0.11 | 0.06 | 0 | 0.05 | 0 |
| Total Assets | 236,877.44M | 275,774.70M | 272,564.74M | 319,006.63M | 337,492.49M |
| Total liabilities | 178,455.76M | 205,214.92M | 202,317.60M | 237,745.14M | 267,357.13M |
| Total equity | 55,168.46M | 66,456.65M | 66,149.83M | 77,192.03M | 66,691.07M |
| Operating cash flow | 25,652.62M | 18,543.94M | 21,636.41M | 26,885.15M | -4,680.18M |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 14,887.20M | 15,163.01M | 17,421.45M | 17,509.19M | 8,508.40M |
| Gross Profit | 2,746.57M | 1,986.17M | 1,860.80M | 2,114.08M | -1,946.90M |
| Operating income | 1,061.93M | 452.48M | 440.98M | 417.23M | -2,822.41M |
| Income before tax | 949.79M | 1,236.86M | 551.91M | 581.34M | -2,375.02M |
| Net income | 677.04M | 938.41M | 407.73M | 461.94M | -1,714.80M |
| EBITDA | 2,880.23M | 2,451.38M | 2,677.94M | 3,609.04M | 401.89M |
| Diluted EPS | 0.04 | 0.05 | 0.02 | 0.02 | -0.09 |
| Dividends Per Share | 0.01 | 0.00 | 0 | 0.00 | 0 |
| Total Assets | 30,552.41M | 35,277.48M | 34,813.20M | 40,941.32M | 43,525.79M |
| Total liabilities | 23,017.19M | 26,251.38M | 25,840.92M | 30,512.22M | 34,480.56M |
| Total equity | 7,115.61M | 8,501.22M | 8,448.95M | 9,906.82M | 8,601.02M |
| Operating cash flow | 3,304.70M | 2,379.62M | 2,760.61M | 3,431.33M | -603.42M |
Valuation Measures
| Dec 2020 | |
| PER | -- |
| ROA | -4.05% |
| ROE | -18.48% |
| Operating margin | -33.17% |
| Profit margin | -20.15% |
Key executives
- Chief Financial Officer & Vice President: Zhou Qimin
- Vice President: Sheng Xi
- Vice President: Guo Wei Cheng
- Vice President: Tie Xiang Liu
- Secretary: Jian Wang
Shareholders
- China State-Owned Assets Supervision & Admn Commission (56.3%)
- Juneyao Airlines Co., Ltd. (11.9%)
- Delta Air Lines, Inc. (10%)
- GF Fund Management Co., Ltd. (2.5%)
- The Vanguard Group, Inc. (1.3%)
- BlackRock Investment Management (UK) Ltd. (0.7%)
- Norges Bank Investment Management (0.7%)
- Dimensional Fund Advisors LP (0.7%)
- Everbright Pramerica Fund Management Co., Ltd. (0.4%)
- Union Investment Privatfonds GmbH (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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- China Southwest Airlines
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Competitors
- China Airlines Ltd.
- China Southern Airlines Company Limited Class H
- Spring Airlines Co., Ltd. Class A
- Cathay Pacific Airways Limited
- Air China Limited Class H
- Eva Airways Corporation
- PAL Holdings, Inc.
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