sector: Industrials ·
industry: Airlines ·
China Eastern Airlines Corporation Limited (China Eastern) is a China-based air carrier. The Company, together with its subsidiaries, is principally engaged in the operation of civil aviation, including the provision of passenger, cargo, and mail delivery and other extended transportation services. The Company is primarily focused in the provision of domestic, regional and international passenger airline services. China Eastern operated approximately 6,090 scheduled flights per week (excluding charter flights), serving a route network that covers 134 cities within China and abroad. During the year ended December 31, 2008, it operated a total of approximately 423 routes. As of December 31, 2008, the Company accounted for approximately 19.3% of the total commercial air traffic handled by Chinese airlines. The Company operates primarily from Shanghai’s Hongqiao Airport and Pudong International Airport.
BRIEF: For the nine months ended 30 September 2009, China Eastern Airlines Corporation Limited's total revenues decreased 9% to RMB28.90B. The Company's net income totaled RMB1.20B, vs. a net loss of RMB2.33B. Total revenues reflect lower sales from the Company's main business due to weaker market demand for airline service. Net income for the period benefited from higher gross profit margin, as well as increased non-operating income.
China Eastern Airlines Corporation Limited
No. 2550 Hongqiao Road
Shanghai SHA 200335
P: +8621.62686268
F: +8621.62686116