In 2009, the business environment for airlines started to change for the
better, and the improving economy paved the way for a recovery in demand for
air transportation in both domestic and international markets. As a result,
the indicators of the Company generally showed improving performance.
Available tonne-kilometres (ATK) rose by 7.4% year on year to 12.506 billion
tonne-kilometres. Revenue tonne-kilometres (RTK) increased by 9.6% year on
year to 7.909 billion tonne-kilometres. Overall load factor rose by 1.2
percentage points year on year to 63.2%. Passenger transportation business
grew faster than cargo transportation business. According to International
Financial Reporting Standards, profit attributable to the shareholders for
2009 was
With a punctuality rate of the Group's flights at 83.45%,
Indicators of operations in the first quarter of 2010 showed that the
Group's performance was improving and was at the best level in recent years
since the integration of
The significant improvement in
Outlook
The Group expects that the global economy will stabilize and China will lead in the recovery. The international markets for air transportation are expected to recover gradually.
With the completion of the restructuring, the integration of the Company
and Shanghai Airlines was in smooth progress. The integration was done in the
areas of marketing, safety operation, information systems, business of cargo
transportation with bellyhold cargo space in passenger aircrafts and financial
systems. All of these areas have yielded synergistic benefits. This has
enhanced the Company's competitive strength. Meanwhile, the World Expo 2010
In 2010, the Company will take effort to raise profitability of its core
business through strengthening revenue management and cost control. It will
also provide quality services and products to satisfy customers' demands as
well as to build its brand.
About
China Eastern Airlines Corporation Limited, the first listed company in
the PRC civil aviation industry, conducts the core business of China Eastern
Air Holding Company. In 1997, it listed on the New York Stock Exchange, the
Hong Kong Stock Exchange and the Shanghai Stock Exchange respectively. The
Company is one of the three largest air carriers in the PRC based on the ATK
and the number of passengers carried in 2009 and is the primary air carrier
serving
Remarks
China Eastern Airlines Corporation Limited hosted a conference about
2009 annual results and 2010 first quarter results on
Disclaimer
This press release contains projections and forward-looking statements that reflect the company's current views with respect to future events and financial performance. These views are based on current assumptions which are subject to various risks and which may change over time. No assurance can be given that future events will occur, that projections will be achieved, or that the company's assumptions are correct. Actual results may differ materially from those projections.
SOURCE China Eastern Airlines Corporation Limited