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China Eastern Airlines Corporation Limited logo
China Eastern Airlines Corporation Limited CEA
report update icon

Quarterly report 2021-Q4
added 05-23-2026

China Eastern Airlines Corporation Limited Income Statement 2021-2011 | CEA

Brief overview of income trends at China Eastern Airlines Corporation Limited

The comparison covers a five-year financial horizon. Revenue at China Eastern Airlines Corporation Limited moved from 98.9 billion yuan in 2016 to 67.1 billion yuan in 2021. The cumulative result was −32.1%, corresponding to roughly −7.5% per year. The negative rate indicates weakening core operations.

Over the period, EBITDA shifted from 12.5 billion yuan to −13.5 billion yuan, a change of −208.3%. The operating result developed less favorably than sales. At the operating-margin level, the figure shifted from 12.6% to −20.1%. Cost pressure reduced operating profitability.

Comparing the endpoints shows a move from 5 billion yuan to −13.3 billion yuan. Profit turned into a loss, the most concerning signal in the results.

Market capitalization changed from 334 billion yuan to 330 billion yuan (−1.3%). Market value followed a broadly neutral trajectory.

Financial takeaway

The indicators point to a weaker financial profile. The weaker side of the profile includes limited revenue growth, weaker operating efficiency and a weaker final result. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.

Annual Income Statement China Eastern Airlines Corporation Limited

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

330 B 329 B 338 B 439 B 632 B 334 B 293 B -1.19 T 185 M -661 B -1.16 T

Shares

16.8 B 16.4 B 15.1 B 14.5 B 14.5 B 13.8 B 12.8 B -45.2 B 11.1 M -29.2 B -64.2 B

Historical Prices

19.6 20.1 22.4 30.3 43.7 24.2 22.8 25 15.8 21.2 17

Net Income

-13.3 B -12.6 B 3.48 B 2.93 B 6.81 B 4.96 B 5.04 B 4.11 B 2.22 M 3.01 B 4.84 B

Revenue

67.1 B 58.7 B 121 B 115 B 102 B 98.9 B 94 B - 88.2 M - -

Gross Profit

- -13.8 B 121 B 115 B 102 B - - - 88.2 M - -

Operating Income

-13.5 B -13.8 B 10.1 B 9.31 B 9.43 B 12.5 B 12.6 B - - - -

Interest Expense

5.81 B 5.21 B 5.17 B 3.73 B 3.18 B 2.7 B 2.19 B - - - -

EBITDA

-13.5 B -13.8 B 10.1 B 9.31 B 9.43 B 12.5 B 12.6 B 13.3 B 8.23 B 10.6 B 11.8 B

Operating Expenses

86.7 B 78.3 B 118 B 113 B 101 B 91.9 B 86.6 B 5.44 B 6.39 B 11 B 30 B

All numbers in CNY currency

Quarterly Income Statement China Eastern Airlines Corporation Limited

2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

- - - - 16.8 B - - - 16.4 B - - - 15.1 B - - - 14.5 B - - - 14.5 B - - - 13.8 B - - - 12.8 B - - - - - - - - - - - - - - - - - - -

Net Income

- - - - -13.3 B - - - -12.6 B - - - 3.48 B - - - 2.93 B - - - 6.81 B - - - 4.96 B - - - 5.04 B - - - - - - - - - - - - - - - - - - -

Revenue

- - - - 67.1 B - - - 58.7 B - - - 121 B - - - 115 B - - - 102 B - - - 98.9 B - - - 94 B - - - - - - - - - - - - - - - - - - -

Operating Income

- - - - -13.5 B - - - -13.8 B - - - 10.1 B - - - 9.31 B - - - 9.43 B - - - 12.5 B - - - 12.6 B - - - - - - - - - - - - - - - - - - -

Interest Expense

- - - - 5.81 B - - - 5.21 B - - - 5.17 B - - - 3.73 B - - - 3.18 B - - - 2.7 B - - - 2.19 B - - - - - - - - - - - - - - - - - - -

EBITDA

- - - - -13.5 B - - - -13.8 B - - - 10.1 B - - - 9.31 B - - - 9.43 B - - - 12.5 B - - - 12.6 B - - - - - - - - - - - - - - - - - - -

Operating Expenses

- - - - 86.7 B - - - 78.3 B - - - 118 B - - - 113 B - - - 101 B - - - 91.9 B - - - 86.6 B - - - - - - - - - - - - - - - - - - -

All numbers in CNY currency

The income statement is one of the three key financial reports of a company China Eastern Airlines Corporation Limited (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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