31-Mar-2016 10:35 AM
China Eastern Airlines operating profit doubles in 2015, double-digit cargo yield decline
China Eastern Airlines revenue up 4% - financial highlights for 12 months ended 31-Dec-2015:
- Revenue: CNY93,969 million (USD15,093 million), +4.2% year-on-year;
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- Passenger: CNY78,585 million (USD12,622 million), +4.4%;
- Cargo and mail: CNY6491 million (USD1043 million), -11.4%;
- Operating costs: CNY86,619 million (USD13,912 million), -1.4%;
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- Fuel: CNY20,312 million (USD3262 million), -32.8%;
- Labour: CNY16,459 million (USD2644 million), +46.0%;
- Operating profit: CNY12,625 million (USD2028 million), +108%;
- Net profit: CNY5043 million (USD810.0 million), +42.5%;
- Passenger yield: CNY0.56 (USD 8.95 cents), -8.4%;
- Cargo yield: CNY1.33 (USD 21.43 cents), -13.7%;
- Total assets: CNY197,992 million (USD31,800 million);
- Cash and cash equivalents: CNY9080 million (USD1458 million);
- Total liabilities: CNY158,061 million (USD25,387 million). [more - original PR - English/Chinese]
*Based on the average conversion rate at CNY1 = USD0.160615
China Eastern Airlines: "In face of a complicated and dynamic operating environment, the Group will seize the opportunities arising from the low oil prices, the rising tourism and consumption demand and the opening of the Shanghai Disneyland." Source: Company statement, 30-Mar-2016.