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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  China Eastern Airlines Corporation Limited    600115   CNE000000TR0

CHINA EASTERN AIRLINES CORPORATION LIMITED

(600115)
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China Eastern Airlines : Posts 3Q Loss as Pandemic Curbs Travel

11/01/2020 | 08:53pm EST

China Eastern Airlines Corp. reported a third-quarter loss due to the slump in international travel set off by the coronavirus pandemic.

The Shanghai-based airline said its loss for the quarter was 563 million yuan ($84.1 million) compared with a profit of CNY2.42 billion a year earlier.

Revenue in the quarter fell 50% to CNY17.17 billion, it said.

For the first three quarters, the airline posted a net loss of CNY9.105 billion, compared with a profit of CNY4.37 billion in the same period the year before.

Passengers dropped 48% to 50.5 million in the nine-month period.

China Eastern Airlines said air travel in China was showing "a trend of steady recovery," but it expects that its full-year result will be adversely affected by continued curbs on international travel.

Write to Singapore editors at singaporeeditors@dowjones.com

(END) Dow Jones Newswires

11-01-20 2052ET

Stocks mentioned in the article
ChangeLast1st jan.
CHINA EASTERN AIRLINES CORPORATION LIMITED -1.11% 4.46 End-of-day quote.-4.70%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.12% 6.47706 Delayed Quote.-0.04%
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Financials
Sales 2020 64 964 M 10 039 M 10 039 M
Net income 2020 -10 720 M -1 657 M -1 657 M
Net Debt 2020 166 B 25 621 M 25 621 M
P/E ratio 2020 -7,11x
Yield 2020 -
Capitalization 49 964 M 7 711 M 7 721 M
EV / Sales 2020 3,32x
EV / Sales 2021 1,98x
Nbr of Employees 80 624
Free-Float 22,2%
Chart CHINA EASTERN AIRLINES CORPORATION LIMITED
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China Eastern Airlines Corporation Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends CHINA EASTERN AIRLINES CORPORATION LIMITED
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 5,56 CNY
Last Close Price 4,46 CNY
Spread / Highest target 70,2%
Spread / Average Target 24,7%
Spread / Lowest Target -43,9%
EPS Revisions
Managers and Directors
NameTitle
Yang Min Li Vice Chairman, President & General Manager
Shao Yong Liu Chairman
Zhou Qimin Chief Financial Officer & Vice President
Bing Tang Director
Rui Qing Shao Independent Non-Executive Director
Sector and Competitors