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China Eastern H1 reports 12.6% growth in revenue, 10.3% in passenger volume

08/31/2018| 11:53:03 AM| 中文

Revenue amounted to ¥54,500 million, representing a year-on-year increase of 12.6%; net profit attributable to equity holders of the Company was ¥2,279 million, a decrease of 47.50%.

China Eastern Airlines presented the interim financial information of the Company and its subsidiaries for the six months ended June 30, 2018.

In the first half of 2018, the Group served 58.90 million passengers, representing a year-on-year increase of 10.3%. 

Revenue amounted to RMB 54,500 million, representing a year-on-year increase of 12.6%. 

Net profit attributable to equity holders of the Company in the first half of 2018 was RMB 2,280 million.

In the first half of 2018, the Group completed 118,830 million of seat-kilometres, representing a year-on-year increase of 9.5%. 

Passenger revenue amounted to RMB 49,050 million, representing a year-on-year increase of 13.8%. 

Passenger load factor of the Group amounted to 82.4%, representing a year-on-year increase of 1.1 percentage points.

Operating Revenues 

In the first half of 2018, the Group’s passenger revenue amounted to RMB 49,045 million, representing an increase of 13.78% from the same period last year, and accounted for 96.56% of the Group’s traffic revenues. Passenger traffic volume was 97,957.33 million passenger-kilometres, representing an increase of 10.97% from the same period last year.

The passenger revenue of domestic routes amounted to RMB 32,455 million, representing an increase of 13.65% from the same period last year, and accounted for 66.17% of the passenger revenue. The passenger traffic volume was 62,223.69 million passenger-kilometres, representing an increase of 10.62% from the same period last year.

The passenger revenue of international routes amounted to RMB 14,775 million, representing an increase of 14.40% from the same period last year, and accounted for 30.13% of the passenger revenue. The passenger traffic volume was 33,169.46 million passenger-kilometres, representing an increase of 11.60% from the same period last year.

The passenger revenue of regional routes amounted to RMB 1,815 million, representing an increase of 11.15% from the same period last year, and accounted for 3.70% of the passenger revenue. The passenger traffic volume was 2,564.19 million passenger-kilometres, representing an increase of 11.55% from the same period last year.

Operating Expenses

In the first half of 2018, the Group’s total operating expenses was RMB 52,444 million, representing an increase of 11.92% from the same period last year.

Aircraft fuel costs accounted for the most substantial part of the Group’s operating expenses. In the first half of 2018, the Group’s total aircraft fuel cost was RMB 15,252 million, representing an increase of 25.64% from the same period last year.

Profit

Net profit attributable to equity holders of the Company in the first half of 2018 was RMB 2,279 million, representing a decrease of 47.50% from the same period last year. The earnings per share attributable to the equity holders of the Company were RMB 0.16.

As at the end of June 2018, the number of frequent flyer members of the Group’s “Eastern Miles” reached 36.20 million, representing a year-on-year increase of 15.1%.

With digital service experience optimised and mobile phones, online and overseas self-check-in rate increased, domestic self-check-in rate reached 77.4%, representing a year-on-year increase of 9.2 percentage points, and international self-check-in rate reached 32.4%, representing a year-on-year increase of 12.5 percentage points.

In the first half of 2018, China United Airlines achieved revenue of RMB 2,690 million, representing a year-on-year increase of 13.2%, and achieved net profit of RMB 440 million, representing a year-on-year increase of 23.4%.

In the first half of 2018, the Group introduced a total of 22 aircraft of major models and a total of 7 aircraft retired.

As at 30 June 2018, the Group operated a fleet of 654 aircraft, which included 642 passenger aircraft and 12 business aircraft held under trust.

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