China Eastern Airlines reports USD2bn operating loss in 2020

    China Eastern Airlines reported (30-Mar-2021) the following financial highlights for the year ended 31-Dec-2020:

    • Revenue: CNY58,727 million (USD8509 million), -51.5% year-on-year;
      • Passenger: CNY49,215 million (USD7131 million), -55.4%;
      • Cargo and mail: CNY4895 million (USD709.2 million), +27.9%;
    • Operating costs: CNY78,265 million (USD11,340 million), -33.7%;
      • Labour: CNY20,827 million (USD3018 million), -13.8%;
      • Fuel: CNY13,840 million (USD2005 million), -59.5%;
    • Operating profit (loss): (CNY13,840 million) (USD2005 million), compared to a profit of CNY10,081 million in p-c-p;
    • Net profit (loss): (CNY12,561 million) (USD820 million), compared to a profit of CNY3480 million in p-c-p;
    • Total assets: CNY284,650 million (USD41,243 million);
      • Cash and cash equivalents: CNY7651 million (USD1109 million);
    • Total liabilities: CNY225,496 million (USD32,672 million).
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