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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  China Eastern Airlines Corporation Limited    600115   CNE000000TR0

CHINA EASTERN AIRLINES CORPORATION LIMITED

(600115)
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China Eastern Airlines : INSIDE INFORMATION OVERSEAS REGULATORY ANNOUNCEMENT ANNOUNCEMENT ON OPERATING DATA FOR AUGUST 2020

09/15/2020 | 07:35am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock code: 00670)

INSIDE INFORMATION

OVERSEAS REGULATORY ANNOUNCEMENT

ANNOUNCEMENT ON OPERATING DATA FOR AUGUST 2020

This overseas regulatory announcement is made pursuant to Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

China Eastern Airlines Corporation Limited (the "Company") and all members of the board of directors confirm that the information contained in this announcement is true, accurate and complete, and no misrepresentations, misleading statements or material omissions are contained herein.

  1. OPERATIONS

In August 2020, the Company's passenger transportation capacity (measured by available seat kilometres) decreased by 34.73% year-on-year, among which, the passenger transportation capacity of its domestic, international and regional routes decreased by 0.77%, 95.02% and 94.85% year-on-year, respectively; passenger traffic volume (measured by revenue passenger kilometres) decreased by 43.95% year-on-year, among which, the passenger traffic volume of its domestic, international and regional routes decreased by 15.15%, 96.98% and 97.97% year-on-year, respectively; and passenger load factor decreased by 12.06 percentage points year-on-year to 73.32%, among which, the passenger load factor of its domestic, international and regional routes decreased by 12.55, 32.97 and 45.06 percentage points year-on-year, respectively.

1

Impacted by the novel coronavirus (COVID-19) epidemic since the beginning of 2020, the demand and willingness of passengers to travel have been significantly reduced. The Company timely adjusted its operating strategies, such as suspending or adjusting the operation of certain flights, timely organised special charter flights, enhanced epidemic protection for passengers and employees, and strengthened the transportation of epidemic prevention materials. With the prevention and control of the novel coronavirus (COVID-19) epidemic in China being further stabilised and normalised, following the launch of "Wild Your Weekends" ( 周末隨心飛) and "Wild Mornings and Nights" ( 早晚隨心飛), the Company newly launched products such as "Exploring the Bay Area" ( 灣區隨心飛 ) and "Exploring the Western Region" ( 西域隨心飛 ), revitalised the resources of the Company's current transportation capacity, and facilitated the high-quality development of the Silk Road Economic Belt and the construction of the Guangdong-HongKong-Macao Greater Bay Area.

In relation to freight transportation, the freight transportation business of the Company only consists of freight transportation operated through passenger aircraft, and such business is under contractual operation by a subsidiary of the controlling shareholder of the Company. In August 2020, freight load volume decreased by 27.71% year-on-year.

In August 2020, the Company launched new domestic passenger transportation routes such as Wuhan - Yinchuan, and Dalian - Huangshan - Kunming.

2

II. FLEET STRUCTURE

As of the end of August 2020, the Company terminated the lease of two B737-800 aircraft, and operated a total of 720 aircraft, including 269 self-owned aircraft, 257 aircraft under finance lease and 194 aircraft under operating lease.

As at the end of August 2020, details of the fleet structure of the Company were as follows:

(Units)

Under

Under

finance

operating

No.

Model

Self-owned

lease

lease

Sub-total

Wide-body passenger aircraft

43

45

5

93

1

B777 series

10

10

0

20

2

B787 series

3

7

0

10

3

A350 series

1

6

0

7

4

A330 series

29

22

5

56

Narrow-body passenger aircraft

225

212

189

626

5

A320 series

136

126

68

330

6

B737 series

89

86

121

296

Regional aircraft

1

0

0

1

7

ARJ series

1

0

0

1

Total

269

257

194

720

Note:  The 9 business aircraft self-owned by and held under trust of the Company were not included in the fleet.

3

III. MAJOR OPERATING DATA

Total

Total

amount

amount

completed

completed

Amount

Amount

from

from

completed

completed

January

January

in August

in August

Year-on-

to August

to August

Year-on-

2020

2019

year increase

in 2020

in 2019

year increase

Passenger Transportation Data

ASK (available seat-

kilometres) (millions)

15,502.46

23,751.86

-34.73%

90,655.91

179,266.64

-49.43%

- Domestic routes

15,075.12

15,191.75

-0.77%

75,072.49

114,180.63

-34.25%

- International routes

398.42

7,998.56

-95.02%

14,859.78

60,488.10

-75.43%

- Regional routes

28.91

561.55

-94.85%

723.65

4,597.92

-84.26%

RPK (revenue passenger-

kilometres) (millions)

11,367.06

20,280.24

-43.95%

62,355.17

148,758.34

-58.08%

- Domestic routes

11,155.46

13,148.03

-15.15%

52,034.18

95,665.87

-45.61%

- International routes

203.09

6,713.97

-96.98%

9,932.47

49,358.59

-79.88%

- Regional routes

8.51

418.24

-97.97%

388.51

3,733.88

-89.59%

Number of passengers carried

(thousands)

8,548.12

11,901.91

-28.18%

41,523.36

87,494.31

-52.54%

- Domestic routes

8,509.42

9,994.49

-14.86%

39,086.01

72,896.10

-46.38%

- International routes

30.92

1,600.71

-98.07%

2,137.85

11,852.76

-81.96%

- Regional routes

7.78

306.71

-97.46%

299.51

2,745.46

-89.09%

Passenger load factor (%)

73.32

85.38

-12.06pts

68.78

82.98

-14.20pts

- Domestic routes

74.00

86.55

-12.55pts

69.31

83.78

-14.47pts

- International routes

50.97

83.94

-32.97pts

66.84

81.60

-14.76pts

- Regional routes

29.41

74.48

-45.06pts

53.69

81.21

-27.52pts

Freight Transportation Data

AFTK (available freight tonne-

kilometres) (millions)

601.48

750.25

-19.83%

4,123.81

5,960.61

-30.82%

- Domestic routes

298.29

254.61

17.16%

1,353.94

2,114.36

-35.96%

- International routes

301.40

480.42

-37.26%

2,738.26

3,701.59

-26.02%

- Regional routes

1.79

15.22

-88.24%

31.61

144.66

-78.15%

4

Total

Total

amount

amount

completed

completed

Amount

Amount

from

from

completed

completed

January

January

in August

in August

Year-on-

to August

to August

Year-on-

2020

2019

year increase

in 2020

in 2019

year increase

RFTK (revenue freight tonne-

kilometres) (millions)

162.34

245.38

-33.84%

1,273.48

1,827.44

-30.31%

- Domestic routes

65.81

78.19

-15.83%

430.66

595.34

-27.66%

- International routes

95.86

164.47

-41.72%

835.89

1,211.47

-31.00%

- Regional routes

0.66

2.72

-75.74%

6.93

20.63

-66.42%

Weight of freight carried

(million kg)

58.00

80.22

-27.71%

406.44

607.96

-33.15%

- Domestic routes

46.67

54.65

-14.60%

301.83

420.44

-28.21%

- International routes

10.69

23.26

-54.04%

98.15

170.04

-42.28%

- Regional routes

0.64

2.31

-72.55%

6.46

17.47

-63.05%

Freight load factor (%)

26.99

32.71

-5.72pts

30.88

30.66

0.22pts

- Domestic routes

22.06

30.71

-8.65pts

31.81

28.16

3.65pts

- International routes

31.81

34.24

-2.43pts

30.53

32.73

-2.20pts

- Regional routes

36.87

17.87

19pts

21.92

14.26

7.65pts

Consolidated Data

ATK (available tonne-

kilometres) (millions)

1,996.70

2,887.92

-30.86%

12,282.85

22,094.61

-44.41%

- Domestic routes

1,655.05

1,621.87

2.05%

8,110.46

12,390.62

-34.54%

- International routes

337.26

1,200.29

-71.90%

4,075.64

9,145.52

-55.44%

- Regional routes

4.39

65.76

-93.32%

96.74

558.47

-82.68%

RTK (revenue tonne-

kilometres) (millions)

1,158.41

1,991.46

-41.83%

6,759.50

14,877.17

-54.56%

- Domestic routes

1,043.21

1,208.84

-13.70%

5,016.96

8,995.30

-44.23%

- International routes

113.79

743.61

-84.70%

1,701.62

5,533.64

-69.25%

- Regional routes

1.41

39.01

-96.39%

40.92

348.23

-88.25%

Overall load factor (%)

58.02

68.96

-10.94pts

55.03

67.33

-12.30pts

- Domestic routes

63.03

74.53

-11.5pts

61.86

72.60

-10.74pts

- International routes

33.74

61.95

-28.21pts

41.75

60.51

-18.76pts

- Regional routes

32.08

59.32

-27.24pts

42.30

62.35

-20.06pts

Note: Freight transportation data only contained data of bellyhold space in passenger aircraft and Passenger-to-Freighter Conversion. The table does not contain data of cargo services.

5

IV. RISK ALERT

The board of directors of the Company hereby reminds investors that the operating data set forth above was compiled in accordance with the Company's internal information which has not been audited and may be subject to adjustment. The operating data set forth above may differ from the data disclosed in any regular report for the relevant period. The Company reserves its rights to adjust the operating data based on audit findings and the actual situation. The monthly operating data disclosed by the Company only serves as preliminary and periodical data for investors' reference. Investors are hereby reminded of the investment risks which may result from inappropriate reliance upon or utilisation of the information above.

The strike and impact of the novel coronavirus (COVID-19) epidemic on the international and domestic businesses of the Company have great uncertainty in terms of their time span and severity. Investors are reminded of the risks thereof.

The data set forth above is published on the website of the Shanghai Stock Exchange (www.sse.com.cn), the website of The Stock Exchange of Hong Kong (www.hkex.com.hk) and the column "Investor Relations" under "About China Eastern Airlines - Get to know China Eastern Airlines" on the website of the Company (www.ceair.com).

By order of the Board

CHINA EASTERN AIRLINES CORPORATION LIMITED

Wang Jian

Company Secretary

Shanghai, the People's Republic of China

15 September 2020

As at the date of this announcement, the directors of the Company include Liu Shaoyong (Chairman), Li Yangmin (Vice Chairman, President), Tang Bing (Director), Wang Junjin (Director), Lin Wanli (Independent non-executive Director), Shao Ruiqing (Independent non-executive Director), Cai Hongping (Independent non-executive Director), Dong Xuebo (Independent non-executive Director) and Yuan Jun (Employee Representative Director).

6

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

China Eastern Airlines Corporation Ltd. published this content on 15 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2020 11:34:02 UTC


© Publicnow 2020
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Sales 2020 64 964 M 10 034 M 10 034 M
Net income 2020 -10 720 M -1 656 M -1 656 M
Net Debt 2020 166 B 25 607 M 25 607 M
P/E ratio 2020 -7,11x
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