31-Aug-2012 10:49 AM
China Eastern Airlines operating profit down 21% in 1H2012
China Eastern Airlines revenue up 6% - financial highlights for six months ended 30-Jun-2012:
- Operating revenue: CNY40,213 million (USD6380 million), +5.6% year-on-year;
- Operating costs: CNY39,290 million (USD6234 million), +8.6%;
- Fuel: CNY14,671 million (USD2328 million), +9.7%;
- Labour: CNY4446 million (USD705.4 million), +6.0%;
- Operating profit: CNY1788 million (USD283.6 million), -21.3%;
- Net profit: CNY806.9 million (USD128.0 million), -64.6%;
- Passenger numbers: 34.6 million, +4.1%;
- Passenger load factor: 79.1%, +1.1 ppt;
- Cargo volume: 682,300 tonnes, +2.4%;
- Cargo load factor: 61.8%, +1.6 ppt;
- Passenger yield: CNY0.65 (USD 10.31 cents), stable;
- Domestic: CNY0.65 (USD 10.31 cents), -1.5%;
- International: CNY0.62 (USD 9.84 cents), +1.6%;
- Regional: CNY0.82 (USD 13.01 cents), +2.5%;
- Cargo yield: CNY1.77 (USD 28.08 cents), -4.8%;
- Domestic: CNY1.57 (USD 24.91 cents), +9.0%;
- International: CNY1.74 (USD 27.61 cents), -7.0%;
- Regional: CNY3.92 (USD 62.20 cents), -6.4%;
- Total assets: CNY120,952 million (USD19,190 million), +5.4% when compared to period ended 31-Dec-2011;
- Cash and cash equivalents: CNY5361 million (USD850.6 million), +38.9% when compared to period ended 31-Dec-2011;
- Total liabilities: CNY98,128 million (USD15,569 million), +5.6% when compared to period ended 31-Dec-2011. [more - original PR]
*Based on the average conversion rate at USD1 = CNY6.3027 for the period
China Eastern Airlines: "In addition, in the second half of 2012 the Group will further expedite the construction of its customer data platform, product research and development capability, direct sale service channel, tourist service centers, mobile internet and hub supporting system, for pushing the Group ahead towards further upgrade and transformation." Source: Company statement, 31-Aug-2012.