Huge loss of over 40 billion! 3 major airlines completely “winter” China Eastern’s net loss exceeds 12.2 billion people travel sharply under the epidemic
On the evening of March 30, the three major state-owned airlines Air China, China Southern Airlines and China Eastern Airlines successively disclosed their annual reports. In 2021, the three major airlines will suffer losses of tens of billions of dollars, and the amount of losses will further expand compared with the same period of the previous year. Overall, the three major airlines lost a total of 40.957 billion yuan.
According to the Securities Times report, China Eastern Airlines stated in its annual report that on March 21, 2022, a Boeing 737 passenger plane of China Eastern Airlines, a subsidiary of the company, crashed while performing a Kunming-Guangzhou flight. After the plane crash, the company attached great importance to it and immediately activated the emergency response mechanism to fully carry out rescue and aftermath work. The cause of the accident is still under investigation. The Company will closely follow up the follow-up progress of the investigation and assess its impact on the Group’s financial position and operating results.
In 2021, China Eastern Yunnan will achieve an operating income of 6.595 billion yuan, a year-on-year increase of 9.04%, a loss of 1.021 billion yuan, and a loss of 761 million yuan in the same period last year; passenger transportation turnover is 12382.58 million passenger kilometers, a year-on-year increase of 3.66%, carrying 9.8636 million passengers. , a year-on-year increase of 3.22%. As of the end of 2021, China Eastern Yunnan has operated a total of 82 B787-9 and B737 series aircraft.
According to the annual reports of the three major airlines, Air China will achieve an operating income of 74.532 billion yuan in 2021, a year-on-year increase of 7.23%; a net loss of 16.64 billion yuan and a loss of 14.41 billion yuan in the same period last year. The passenger revenue was 58.317 billion yuan, a year-on-year increase of 2.590 billion yuan. Among them, revenue decreased by RMB 1.291 billion due to the decrease in transport capacity investment, decreased revenue by RMB 1.352 billion due to the decrease in passenger load factor, and increased revenue by RMB 5.233 billion due to the increase in income level.
China Southern’s performance also fell again last year. In 2021, the operating income will be 101.644 billion yuan, a year-on-year increase of 9.81%; the net loss will be 12.103 billion yuan, and the loss in the same period last year will be 10.842 billion yuan.
Also affected by factors such as the epidemic and rising international oil prices, China Eastern’s net loss in 2021 will reach 12.214 billion yuan, a year-on-year increase of 380 million yuan. From the perspective of profitability, Air China ranks at the bottom of the three major airlines, and once again refreshed the worst performance in the company’s history. Since Air my country has the highest proportion of international routes among Chinese airlines, its impact is also more direct.
In general, 2021 is the second year of the global spread of the new crown pneumonia epidemic. The domestic civil aviation industry is still faced with the severe and complex situation of local aggregation and multi-point distribution of domestic epidemics and overseas spread of epidemics. Among them, the investment in international routes continues to be limited, the domestic passenger market traffic fluctuates greatly, and it is increasingly difficult to improve the operating efficiency of leading airlines. Combined with rising oil prices, exchange rate fluctuations and other factors, airlines are facing greater operational difficulties.
According to IATA estimates,The global aviation industry will remain at a loss in 2022, and the situation is still grim, but given the positive travel intentions of passengers, the industry is expected to continue to recover.
Hashtags: Aircraft Air China Eastern Airlines