Asia300

China Eastern Airlines Corp. Ltd.

China

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Sep 20, 2017
Prev close: 4.19
Sep 20, 2017
Market cap:
Market cap(USD):
99,297.85M
12,720.84M
Shares: 14,467.58M

Currency in HKD

Company profile

Market(Ticker): HKG(670)
Sector:
Industry:
Transportation
Airlines
Full time employees: 75,333

Business summary

China Eastern Airlines Corp. Ltd. is 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 is comprised of tour operations, air catering and other miscellaneous services. The company was founded in June 1988 and is headquartered in Shanghai, China.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 114,882.41M
Gross profit 17,862.78M
Operating income 9,299.44M
Income before tax 7,384.40M
Net income 5,267.23M
EBITDA 23,908.17M
Diluted EPS 0.38
Dividends per share 0.11
Total assets 234,341.59M
Total liabilities 178,291.76M
Total equity 52,642.65M
Operating cash flow 29,389.23M

Currency in HKD

Revenue 14,799.74M
Gross profit 2,301.17M
Operating income 1,198.00M
Income before tax 951.29M
Net income 678.55M
EBITDA 3,079.97M
Diluted EPS 0.04
Dividends per share 0.01
Total assets 30,225.33M
Total liabilities 22,996.04M
Total equity 6,789.84M
Operating cash flow 3,786.07M

Currency in USD

Valuation measures

Dec 2016

PER 9.20
ROA 2.25%
ROE 11.13%
Operating margin 8.09%
Profit margin 4.58%

Key executive

  • Vice Chairman & President: Xu Lun Ma
  • Chief Financial Officer & Vice President: Yong Liang Wu
  • Director & Vice President: Liu Wen Tian
  • Director & Vice President: Yang Min Li
  • Director & Vice President: Bing Tang

Share holders

  • China State-Owned Assets Supervision & Admn Commission(56.3%)
  • Delta Air Lines, Inc.(10%)
  • The Vanguard Group, Inc.(1.1%)
  • Schroder Investment Management (Hong Kong) Ltd.(0.4%)
  • FIL Investment Management (Hong Kong) Ltd.(0.3%)
  • Norges Bank Investment Management(0.2%)
  • Dimensional Fund Advisors LP(0.2%)
  • C. S. McKee LP(0.1%)
  • TIFF Advisory Services, Inc.(0.0%)
  • HSBC Global Asset Management (UK) Ltd.(0.0%)

Address

  • Website: http://www.ceair.com
  • Address: 92 Kong Gang Road 3, Shanghai, 200335, China
  • Phone: +86.21.6268.6268

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