China Eastern Airlines reports USD1.2bn operating loss in 1H2020

    China Eastern Airlines reported (28-Aug-2020) the following financial highlights for the six months ended 30-Jun-2020:

    • Revenue: CNY25,159 million (USD3.6 billion), -57.3% year-on-year;
      • Passenger: CNY20,347 million (USD2.9 billion), -62%;
      • Cargo and mail: CNY2615 million (USD371.8 million), +50.1%;
    • Operating costs: CNY35,941 million (USD5.1 billion), -37.1%;
      • Labour: CNY9441 million (USD1.3 billion), -15.5%;
      • Fuel: CNY6313 million (USD897.5 million), -62%;
    • Operating profit (loss): (CNY8581 million) (USD1.2 billion), compared to a profit of CNY5156 million in p-c-p;
    • Net profit (loss): (CNY9072 million) (USD1.3 billion), compared to a profit of CNY2132 million in p-c-p;
    • Total assets: CNY286,954 million (USD40.8 billion);
    • Cash and cash equivalents: CNY7349 million (USD1 billion);
    • Total liabilities: CNY224,470 million (USD31.9 billion).