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China Eastern returns to operating profitability in 3Q2010

29-Oct-2010 11:18 AM

China Eastern Airlines revenue soars 91% - financial highlights for the three months ended 30-Sep-2010 (according to Chinese Accounting Standards):

  • Revenue*: USD3,267 million, +91.4% year-on-year;
  • Operating costs: USD2,434 million, +62.7%;
  • Operating profit: USD502.0 million, compared with a loss of USD11.0 million in p-c-p;
  • Net profit: USD472.1 million, 5729%;
  • Total assets: USD15.4 million, +42.8% when compared with the period ended 31-Dec-2009;
  • Total liabilities: USD12,978 million, +26.8 when compared with the period ended 31-Dec-2009;
  • Nine months ended 30-Sep-2010:
  • Net operating cash flow: USD1,485 million, +94.7%. [more]

*Based on the conversion rate at USD1 = CNY6.682