China Eastern Airlines reports USD815m operating loss in 1Q2020

    China Eastern Airlines reported (29-Apr-2020) the following financial highlights for three months ended 31-Mar-2020:

    • Operating revenue: CNY15,454 million (USD2.2 billion), -48.6% year-on-year;
    • Total operating costs: CNY18,546 million (USD2.7 billion), -28.2%;
    • Operating profit (loss): (CNY5688 million (USD814.7 million)), compared to a profit of CNY2810 million in p-c-p;
    • Net profit (loss): (CNY4191 million (USD600.3 million)), compared to a profit of CNY2170 million in p-c-p;
    • Total assets: CNY286,530 million (USD41 billion);
    • Monetary capital: CNY7044 million (USD1 billion);
    • Total liabilities: CNY220,613 million (USD31.6 billion).