Asia300

China Eastern Airlines Corp. Ltd.

China

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May 21, 2018
Prev close: 6.19
May 21, 2018
Market cap:
Market cap(USD):
119,223.87M
15,188.56M
Shares: 14,467.58M

Currency in HKD

Company profile

Market(Ticker): HKG(670)
Sector:
Industry:
Transportation
Airlines
Full time employees: 75,277

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 2017

  • Local currency
  • US Dollar
Revenue 116,989.89M
Gross profit 12,355.32M
Operating income 2,499.89M
Income before tax 9,650.18M
Net income 7,324.40M
EBITDA 18,579.68M
Diluted EPS 0.50
Dividends per share 0.06
Total assets 273,058.09M
Total liabilities 204,956.83M
Total equity 63,750.84M
Operating cash flow 22,811.51M

Currency in HKD

Revenue 15,012.52M
Gross profit 1,585.47M
Operating income 320.79M
Income before tax 1,238.34M
Net income 939.89M
EBITDA 2,384.20M
Diluted EPS 0.06
Dividends per share 0.00
Total assets 34,929.97M
Total liabilities 26,218.36M
Total equity 8,155.09M
Operating cash flow 2,927.24M

Currency in USD

Valuation measures

Dec 2017

PER 11.17
ROA 2.88%
ROE 12.58%
Operating margin 2.13%
Profit margin 6.26%

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%)
  • LUO YI FAMILY(4.4%)
  • Norges Bank Investment Management(3.1%)
  • Shanghai Chongyang Investment Management Co., Ltd.(1.6%)
  • The Vanguard Group, Inc.(1.1%)
  • Dimensional Fund Advisors LP(0.2%)
  • LUO YI /EASTERN AIRLINES/(0.1%)
  • C. S. McKee LP(0.1%)
  • Victory Capital Management, Inc.(0.0%)

Address

  • 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

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